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Simplifying X = P(1 + (0.05)(2)) Multiply 0.05 * 2 X = P(1 + 0.1) Combine like terms: 1 + 0.1 = 1.1 X = P(1.1) Reorder the terms for easier multiplication: X = 1.1P Solving X = 1.1P Solving for variable 'X'. Move all terms containing X to the left, all other terms to the right. Simplifying X = 1.1P
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