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Simplifying 4464 = P(1 + 0.04 * 6) Multiply 0.04 * 6 4464 = P(1 + 0.24) Combine like terms: 1 + 0.24 = 1.24 4464 = P(1.24) Reorder the terms for easier multiplication: 4464 = 1.24P Solving 4464 = 1.24P Solving for variable 'P'. Move all terms containing P to the left, all other terms to the right. Add '-1.24P' to each side of the equation. 4464 + -1.24P = 1.24P + -1.24P Combine like terms: 1.24P + -1.24P = 0.00 4464 + -1.24P = 0.00 Add '-4464' to each side of the equation. 4464 + -4464 + -1.24P = 0.00 + -4464 Combine like terms: 4464 + -4464 = 0 0 + -1.24P = 0.00 + -4464 -1.24P = 0.00 + -4464 Combine like terms: 0.00 + -4464 = -4464 -1.24P = -4464 Divide each side by '-1.24'. P = 3600 Simplifying P = 3600
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