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Simplifying 1.05 = 0.9515(1 + x) 1.05 = (1 * 0.9515 + x * 0.9515) 1.05 = (0.9515 + 0.9515x) Solving 1.05 = 0.9515 + 0.9515x Solving for variable 'x'. Move all terms containing x to the left, all other terms to the right. Add '-0.9515x' to each side of the equation. 1.05 + -0.9515x = 0.9515 + 0.9515x + -0.9515x Combine like terms: 0.9515x + -0.9515x = 0.0000 1.05 + -0.9515x = 0.9515 + 0.0000 1.05 + -0.9515x = 0.9515 Add '-1.05' to each side of the equation. 1.05 + -1.05 + -0.9515x = 0.9515 + -1.05 Combine like terms: 1.05 + -1.05 = 0.00 0.00 + -0.9515x = 0.9515 + -1.05 -0.9515x = 0.9515 + -1.05 Combine like terms: 0.9515 + -1.05 = -0.0985 -0.9515x = -0.0985 Divide each side by '-0.9515'. x = 0.1035207567 Simplifying x = 0.1035207567
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