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Simplifying 2 = (1 + 0.01) * 12n Combine like terms: 1 + 0.01 = 1.01 2 = (1.01) * 12n Multiply 1.01 * 12 2 = 12.12n Solving 2 = 12.12n Solving for variable 'n'. Move all terms containing n to the left, all other terms to the right. Add '-12.12n' to each side of the equation. 2 + -12.12n = 12.12n + -12.12n Combine like terms: 12.12n + -12.12n = 0.00 2 + -12.12n = 0.00 Add '-2' to each side of the equation. 2 + -2 + -12.12n = 0.00 + -2 Combine like terms: 2 + -2 = 0 0 + -12.12n = 0.00 + -2 -12.12n = 0.00 + -2 Combine like terms: 0.00 + -2 = -2 -12.12n = -2 Divide each side by '-12.12'. n = 0.1650165017 Simplifying n = 0.1650165017
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