P=1000(1+0.03)8

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Solution for P=1000(1+0.03)8 equation: 


Simplifying
P = 1000(1 + 0.03) * 8

Combine like terms: 1 + 0.03 = 1.03
P = 1000(1.03) * 8

Multiply 1000 * 1.03
P = 1030 * 8

Multiply 1030 * 8
P = 8240

Solving
P = 8240

Solving for variable 'P'.

Move all terms containing P to the left, all other terms to the right.

Simplifying
P = 8240

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