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Simplifying (1.035)(1 + r) = (1.092) (1 * 1.035 + r * 1.035) = (1.092) (1.035 + 1.035r) = (1.092) 1.035 + 1.035r = 1.092 Solving 1.035 + 1.035r = 1.092 Solving for variable 'r'. Move all terms containing r to the left, all other terms to the right. Add '-1.035' to each side of the equation. 1.035 + -1.035 + 1.035r = 1.092 + -1.035 Combine like terms: 1.035 + -1.035 = 0.000 0.000 + 1.035r = 1.092 + -1.035 1.035r = 1.092 + -1.035 Combine like terms: 1.092 + -1.035 = 0.057 1.035r = 0.057 Divide each side by '1.035'. r = 0.05507246377 Simplifying r = 0.05507246377
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