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Simplifying P = (20 + 0.05x) + 0.15(20 + 0.05x) Remove parenthesis around (20 + 0.05x) P = 20 + 0.05x + 0.15(20 + 0.05x) P = 20 + 0.05x + (20 * 0.15 + 0.05x * 0.15) P = 20 + 0.05x + (3 + 0.0075x) Reorder the terms: P = 20 + 3 + 0.05x + 0.0075x Combine like terms: 20 + 3 = 23 P = 23 + 0.05x + 0.0075x Combine like terms: 0.05x + 0.0075x = 0.0575x P = 23 + 0.0575x Solving P = 23 + 0.0575x Solving for variable 'P'. Move all terms containing P to the left, all other terms to the right. Simplifying P = 23 + 0.0575x
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