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1270=600(1+.08r)
We move all terms to the left:
1270-(600(1+.08r))=0
We add all the numbers together, and all the variables
-(600(.08r+1))+1270=0
We calculate terms in parentheses: -(600(.08r+1)), so:We get rid of parentheses
600(.08r+1)
We multiply parentheses
600r+600
Back to the equation:
-(600r+600)
-600r-600+1270=0
We add all the numbers together, and all the variables
-600r+670=0
We move all terms containing r to the left, all other terms to the right
-600r=-670
r=-670/-600
r=1+7/60
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