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r+.07r=506
We simplify the equation to the form, which is simple to understand
r+.07r=506
We move all terms containing r to the left and all other terms to the right.
+1r + 0.07r=+506
We simplify left and right side of the equation.
+1.07r=+506
We divide both sides of the equation by 1.07 to get r.
r=472.897196262
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