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Simplifying 55000 = p(1 + 0.04) * 6 Combine like terms: 1 + 0.04 = 1.04 55000 = p(1.04) * 6 Reorder the terms for easier multiplication: 55000 = 1.04 * 6p Multiply 1.04 * 6 55000 = 6.24p Solving 55000 = 6.24p Solving for variable 'p'. Move all terms containing p to the left, all other terms to the right. Add '-6.24p' to each side of the equation. 55000 + -6.24p = 6.24p + -6.24p Combine like terms: 6.24p + -6.24p = 0.00 55000 + -6.24p = 0.00 Add '-55000' to each side of the equation. 55000 + -55000 + -6.24p = 0.00 + -55000 Combine like terms: 55000 + -55000 = 0 0 + -6.24p = 0.00 + -55000 -6.24p = 0.00 + -55000 Combine like terms: 0.00 + -55000 = -55000 -6.24p = -55000 Divide each side by '-6.24'. p = 8814.102564 Simplifying p = 8814.102564
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