p(1+0.04)=12

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Solution for p(1+0.04)=12 equation: 



p(1+0.04)=12

We move all terms to the left:

p(1+0.04)-(12)=0

We add all the numbers together, and all the variables

p(1.04)-12=0

We multiply parentheses

1.04p-12=0

We move all terms containing p to the left, all other terms to the right

1.04p=12

p=12/1.04

p=11+0.56/1.04

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