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3000=p(1+0.12(4))
We move all terms to the left:
3000-(p(1+0.12(4)))=0
We add all the numbers together, and all the variables
-(p(1.124))+3000=0
We calculate terms in parentheses: -(p(1.124)), so:We add all the numbers together, and all the variables
p(1.124)
We multiply parentheses
1.124p
Back to the equation:
-(1.124p)
-(+1.124p)+3000=0
We get rid of parentheses
-1.124p+3000=0
We move all terms containing p to the left, all other terms to the right
-1.124p=-3000
p=-3000/-1.124
p=2669+0.043999999999869/1.124
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