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Simplifying 100 + 0.07p = 110 + 0.05p Solving 100 + 0.07p = 110 + 0.05p Solving for variable 'p'. Move all terms containing p to the left, all other terms to the right. Add '-0.05p' to each side of the equation. 100 + 0.07p + -0.05p = 110 + 0.05p + -0.05p Combine like terms: 0.07p + -0.05p = 0.02p 100 + 0.02p = 110 + 0.05p + -0.05p Combine like terms: 0.05p + -0.05p = 0.00 100 + 0.02p = 110 + 0.00 100 + 0.02p = 110 Add '-100' to each side of the equation. 100 + -100 + 0.02p = 110 + -100 Combine like terms: 100 + -100 = 0 0 + 0.02p = 110 + -100 0.02p = 110 + -100 Combine like terms: 110 + -100 = 10 0.02p = 10 Divide each side by '0.02'. p = 500 Simplifying p = 500
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