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Simplifying 476100 = 460000(1 + 0.5r) 476100 = (1 * 460000 + 0.5r * 460000) 476100 = (460000 + 230000r) Solving 476100 = 460000 + 230000r Solving for variable 'r'. Move all terms containing r to the left, all other terms to the right. Add '-230000r' to each side of the equation. 476100 + -230000r = 460000 + 230000r + -230000r Combine like terms: 230000r + -230000r = 0 476100 + -230000r = 460000 + 0 476100 + -230000r = 460000 Add '-476100' to each side of the equation. 476100 + -476100 + -230000r = 460000 + -476100 Combine like terms: 476100 + -476100 = 0 0 + -230000r = 460000 + -476100 -230000r = 460000 + -476100 Combine like terms: 460000 + -476100 = -16100 -230000r = -16100 Divide each side by '-230000'. r = 0.07 Simplifying r = 0.07
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