24,800=p(1+0.03*8)

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Solution for 24,800=p(1+0.03*8) equation: 



24.800=p(1+0.03*8)

We move all terms to the left:

24.800-(p(1+0.03*8))=0

We add all the numbers together, and all the variables

-(p(1.24))+24.800=0

We add all the numbers together, and all the variables

-(p(1.24))+24.8=0



We calculate terms in parentheses: -(p(1.24)), so:

p(1.24)

We multiply parentheses

1.24p

Back to the equation:

-(1.24p)



We add all the numbers together, and all the variables

-(+1.24p)+24.8=0

We get rid of parentheses

-1.24p+24.8=0

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

-1.24p=-24.8

p=-24.8/-1.24

p=+20

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