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b=500(1.03)7
We simplify the equation to the form, which is simple to understand
b=500(1.03)7
Reorder the terms in parentheses
b=+(+515)*7
Reorder the terms in parentheses
b=+(+3605)
Remove unnecessary parentheses
+b=+3605
We move all terms containing b to the left and all other terms to the right.
+1b=+3605
We simplify left and right side of the equation.
+1b=+3605
We divide both sides of the equation by 1 to get b.
b=3605
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