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Simplifying 4720 = P(1 + 0.02(9)) Multiply 0.02 * 9 4720 = P(1 + 0.18) Combine like terms: 1 + 0.18 = 1.18 4720 = P(1.18) Reorder the terms for easier multiplication: 4720 = 1.18P Solving 4720 = 1.18P Solving for variable 'P'. Move all terms containing P to the left, all other terms to the right. Add '-1.18P' to each side of the equation. 4720 + -1.18P = 1.18P + -1.18P Combine like terms: 1.18P + -1.18P = 0.00 4720 + -1.18P = 0.00 Add '-4720' to each side of the equation. 4720 + -4720 + -1.18P = 0.00 + -4720 Combine like terms: 4720 + -4720 = 0 0 + -1.18P = 0.00 + -4720 -1.18P = 0.00 + -4720 Combine like terms: 0.00 + -4720 = -4720 -1.18P = -4720 Divide each side by '-1.18'. P = 4000 Simplifying P = 4000
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