1600=1500(1+r(8))

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Solution for 1600=1500(1+r(8)) equation: 


Simplifying
1600 = 1500(1 + r(8))

Reorder the terms for easier multiplication:
1600 = 1500(1 + 8r)
1600 = (1 * 1500 + 8r * 1500)
1600 = (1500 + 12000r)

Solving
1600 = 1500 + 12000r

Solving for variable 'r'.

Move all terms containing r to the left, all other terms to the right.

Add '-12000r' to each side of the equation.
1600 + -12000r = 1500 + 12000r + -12000r

Combine like terms: 12000r + -12000r = 0
1600 + -12000r = 1500 + 0
1600 + -12000r = 1500

Add '-1600' to each side of the equation.
1600 + -1600 + -12000r = 1500 + -1600

Combine like terms: 1600 + -1600 = 0
0 + -12000r = 1500 + -1600
-12000r = 1500 + -1600

Combine like terms: 1500 + -1600 = -100
-12000r = -100

Divide each side by '-12000'.
r = 0.008333333333

Simplifying
r = 0.008333333333

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