X(0.02)(1)=5500

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Solution for X(0.02)(1)=5500 equation: 


Simplifying
X(0.02)(1) = 5500

Reorder the terms for easier multiplication:
0.02 * 1X = 5500

Multiply 0.02 * 1
0.02X = 5500

Solving
0.02X = 5500

Solving for variable 'X'.

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

Divide each side by '0.02'.
X = 275000

Simplifying
X = 275000

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