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Simplifying 3248.00 = 3200.00(1 + 0.25r) 3248.00 = (1 * 3200.00 + 0.25r * 3200.00) 3248.00 = (3200 + 800r) Solving 3248.00 = 3200 + 800r Solving for variable 'r'. Move all terms containing r to the left, all other terms to the right. Add '-800r' to each side of the equation. 3248.00 + -800r = 3200 + 800r + -800r Combine like terms: 800r + -800r = 0 3248.00 + -800r = 3200 + 0 3248.00 + -800r = 3200 Add '-3248.00' to each side of the equation. 3248.00 + -3248.00 + -800r = 3200 + -3248.00 Combine like terms: 3248.00 + -3248.00 = 0.00 0.00 + -800r = 3200 + -3248.00 -800r = 3200 + -3248.00 Combine like terms: 3200 + -3248.00 = -48 -800r = -48 Divide each side by '-800'. r = 0.06 Simplifying r = 0.06
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