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Simplifying P = 50 + 0.25(50 + 0.25P) P = 50 + (50 * 0.25 + 0.25P * 0.25) P = 50 + (12.5 + 0.0625P) Combine like terms: 50 + 12.5 = 62.5 P = 62.5 + 0.0625P Solving P = 62.5 + 0.0625P Solving for variable 'P'. Move all terms containing P to the left, all other terms to the right. Add '-0.0625P' to each side of the equation. P + -0.0625P = 62.5 + 0.0625P + -0.0625P Combine like terms: P + -0.0625P = 0.9375P 0.9375P = 62.5 + 0.0625P + -0.0625P Combine like terms: 0.0625P + -0.0625P = 0.0000 0.9375P = 62.5 + 0.0000 0.9375P = 62.5 Divide each side by '0.9375'. P = 66.66666667 Simplifying P = 66.66666667
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