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1.025(1+y)=1.065
We move all terms to the left:
1.025(1+y)-(1.065)=0
We add all the numbers together, and all the variables
1.025(y+1)-(1.065)=0
We add all the numbers together, and all the variables
1.025(y+1)-1.065=0
We multiply parentheses
1.025y+1.025-1.065=0
We add all the numbers together, and all the variables
1.025y-0.04=0
We move all terms containing y to the left, all other terms to the right
1.025y=0.04
y=0.04/1.025
y=0.04/1.025
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