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Simplifying 2(0.03r + 1) = 23.01r Reorder the terms: 2(1 + 0.03r) = 23.01r (1 * 2 + 0.03r * 2) = 23.01r (2 + 0.06r) = 23.01r Solving 2 + 0.06r = 23.01r Solving for variable 'r'. Move all terms containing r to the left, all other terms to the right. Add '-23.01r' to each side of the equation. 2 + 0.06r + -23.01r = 23.01r + -23.01r Combine like terms: 0.06r + -23.01r = -22.95r 2 + -22.95r = 23.01r + -23.01r Combine like terms: 23.01r + -23.01r = 0.00 2 + -22.95r = 0.00 Add '-2' to each side of the equation. 2 + -2 + -22.95r = 0.00 + -2 Combine like terms: 2 + -2 = 0 0 + -22.95r = 0.00 + -2 -22.95r = 0.00 + -2 Combine like terms: 0.00 + -2 = -2 -22.95r = -2 Divide each side by '-22.95'. r = 0.0871459695 Simplifying r = 0.0871459695
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