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Simplifying 3415.50 = 3300(1 + 0.5r) 3415.50 = (1 * 3300 + 0.5r * 3300) 3415.50 = (3300 + 1650r) Solving 3415.50 = 3300 + 1650r Solving for variable 'r'. Move all terms containing r to the left, all other terms to the right. Add '-1650r' to each side of the equation. 3415.50 + -1650r = 3300 + 1650r + -1650r Combine like terms: 1650r + -1650r = 0 3415.50 + -1650r = 3300 + 0 3415.50 + -1650r = 3300 Add '-3415.50' to each side of the equation. 3415.50 + -3415.50 + -1650r = 3300 + -3415.50 Combine like terms: 3415.50 + -3415.50 = 0.00 0.00 + -1650r = 3300 + -3415.50 -1650r = 3300 + -3415.50 Combine like terms: 3300 + -3415.50 = -115.5 -1650r = -115.5 Divide each side by '-1650'. r = 0.07 Simplifying r = 0.07
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