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Simplifying 4350.00 = 3000[1 + r(5)] Reorder the terms for easier multiplication: 4350.00 = 3000[1 + 5r] 4350.00 = [1 * 3000 + 5r * 3000] 4350.00 = [3000 + 15000r] Solving 4350.00 = 3000 + 15000r Solving for variable 'r'. Move all terms containing r to the left, all other terms to the right. Add '-15000r' to each side of the equation. 4350.00 + -15000r = 3000 + 15000r + -15000r Combine like terms: 15000r + -15000r = 0 4350.00 + -15000r = 3000 + 0 4350.00 + -15000r = 3000 Add '-4350.00' to each side of the equation. 4350.00 + -4350.00 + -15000r = 3000 + -4350.00 Combine like terms: 4350.00 + -4350.00 = 0.00 0.00 + -15000r = 3000 + -4350.00 -15000r = 3000 + -4350.00 Combine like terms: 3000 + -4350.00 = -1350 -15000r = -1350 Divide each side by '-15000'. r = 0.09 Simplifying r = 0.09
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