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Simplifying 5904 = p(1 + 0.08 * 8) Multiply 0.08 * 8 5904 = p(1 + 0.64) Combine like terms: 1 + 0.64 = 1.64 5904 = p(1.64) Reorder the terms for easier multiplication: 5904 = 1.64p Solving 5904 = 1.64p Solving for variable 'p'. Move all terms containing p to the left, all other terms to the right. Add '-1.64p' to each side of the equation. 5904 + -1.64p = 1.64p + -1.64p Combine like terms: 1.64p + -1.64p = 0.00 5904 + -1.64p = 0.00 Add '-5904' to each side of the equation. 5904 + -5904 + -1.64p = 0.00 + -5904 Combine like terms: 5904 + -5904 = 0 0 + -1.64p = 0.00 + -5904 -1.64p = 0.00 + -5904 Combine like terms: 0.00 + -5904 = -5904 -1.64p = -5904 Divide each side by '-1.64'. p = 3600 Simplifying p = 3600
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