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Simplifying 500 = p(0.08)(2) Reorder the terms for easier multiplication: 500 = 0.08 * 2p Multiply 0.08 * 2 500 = 0.16p Solving 500 = 0.16p Solving for variable 'p'. Move all terms containing p to the left, all other terms to the right. Add '-0.16p' to each side of the equation. 500 + -0.16p = 0.16p + -0.16p Combine like terms: 0.16p + -0.16p = 0.00 500 + -0.16p = 0.00 Add '-500' to each side of the equation. 500 + -500 + -0.16p = 0.00 + -500 Combine like terms: 500 + -500 = 0 0 + -0.16p = 0.00 + -500 -0.16p = 0.00 + -500 Combine like terms: 0.00 + -500 = -500 -0.16p = -500 Divide each side by '-0.16'. p = 3125 Simplifying p = 3125
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