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5500=x(1+.03*18)
We simplify the equation to the form, which is simple to understand
5500=x(1+.03*18)
Reorder the terms in parentheses
5500=+(+1.54x)
Remove unnecessary parentheses
+5500=+1.54x
We move all terms containing x to the left and all other terms to the right.
-1.54x=-5500
We simplify left and right side of the equation.
-1.54x=-5500
We divide both sides of the equation by -01.54 to get x.
x=3571.4285714286
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