3000=p+p(.06)5

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Solution for 3000=p+p(.06)5 equation:


Simplifying
3000 = p + p(0.06) * 5

Reorder the terms for easier multiplication:
3000 = p + 0.06 * 5p

Multiply 0.06 * 5
3000 = p + 0.3p

Combine like terms: p + 0.3p = 1.3p
3000 = 1.3p

Solving
3000 = 1.3p

Solving for variable 'p'.

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

Add '-1.3p' to each side of the equation.
3000 + -1.3p = 1.3p + -1.3p

Combine like terms: 1.3p + -1.3p = 0.0
3000 + -1.3p = 0.0

Add '-3000' to each side of the equation.
3000 + -3000 + -1.3p = 0.0 + -3000

Combine like terms: 3000 + -3000 = 0
0 + -1.3p = 0.0 + -3000
-1.3p = 0.0 + -3000

Combine like terms: 0.0 + -3000 = -3000
-1.3p = -3000

Divide each side by '-1.3'.
p = 2307.692308

Simplifying
p = 2307.692308

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