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Simplifying 4238 = p(1 + 0.09(7)) Multiply 0.09 * 7 4238 = p(1 + 0.63) Combine like terms: 1 + 0.63 = 1.63 4238 = p(1.63) Reorder the terms for easier multiplication: 4238 = 1.63p Solving 4238 = 1.63p Solving for variable 'p'. Move all terms containing p to the left, all other terms to the right. Add '-1.63p' to each side of the equation. 4238 + -1.63p = 1.63p + -1.63p Combine like terms: 1.63p + -1.63p = 0.00 4238 + -1.63p = 0.00 Add '-4238' to each side of the equation. 4238 + -4238 + -1.63p = 0.00 + -4238 Combine like terms: 4238 + -4238 = 0 0 + -1.63p = 0.00 + -4238 -1.63p = 0.00 + -4238 Combine like terms: 0.00 + -4238 = -4238 -1.63p = -4238 Divide each side by '-1.63'. p = 2600 Simplifying p = 2600
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