1500=p(1+0.05)

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Solution for 1500=p(1+0.05) equation: 



1500=p(1+0.05)

We move all terms to the left:

1500-(p(1+0.05))=0

We add all the numbers together, and all the variables

-(p(1.05))+1500=0



We calculate terms in parentheses: -(p(1.05)), so:

p(1.05)

We multiply parentheses

1.05p

Back to the equation:

-(1.05p)



We add all the numbers together, and all the variables

-(+1.05p)+1500=0

We get rid of parentheses

-1.05p+1500=0

We move all terms containing p to the left, all other terms to the right

-1.05p=-1500

p=-1500/-1.05

p=1428+0.6/1.05

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