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Simplifying 650 = P(0.05)(1) + (12000)(0.08)(1) Reorder the terms for easier multiplication: 650 = 0.05 * 1P + (12000)(0.08)(1) Multiply 0.05 * 1 650 = 0.05P + (12000)(0.08)(1) Multiply 12000 * 0.08 650 = 0.05P + 960 * 1 Multiply 960 * 1 650 = 0.05P + 960 Reorder the terms: 650 = 960 + 0.05P Solving 650 = 960 + 0.05P Solving for variable 'P'. Move all terms containing P to the left, all other terms to the right. Add '-0.05P' to each side of the equation. 650 + -0.05P = 960 + 0.05P + -0.05P Combine like terms: 0.05P + -0.05P = 0.00 650 + -0.05P = 960 + 0.00 650 + -0.05P = 960 Add '-650' to each side of the equation. 650 + -650 + -0.05P = 960 + -650 Combine like terms: 650 + -650 = 0 0 + -0.05P = 960 + -650 -0.05P = 960 + -650 Combine like terms: 960 + -650 = 310 -0.05P = 310 Divide each side by '-0.05'. P = -6200 Simplifying P = -6200
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