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Simplifying 3132 = P(1 + 0.04 * 4) Multiply 0.04 * 4 3132 = P(1 + 0.16) Combine like terms: 1 + 0.16 = 1.16 3132 = P(1.16) Reorder the terms for easier multiplication: 3132 = 1.16P Solving 3132 = 1.16P Solving for variable 'P'. Move all terms containing P to the left, all other terms to the right. Add '-1.16P' to each side of the equation. 3132 + -1.16P = 1.16P + -1.16P Combine like terms: 1.16P + -1.16P = 0.00 3132 + -1.16P = 0.00 Add '-3132' to each side of the equation. 3132 + -3132 + -1.16P = 0.00 + -3132 Combine like terms: 3132 + -3132 = 0 0 + -1.16P = 0.00 + -3132 -1.16P = 0.00 + -3132 Combine like terms: 0.00 + -3132 = -3132 -1.16P = -3132 Divide each side by '-1.16'. P = 2700 Simplifying P = 2700
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