7000=P[1+.105(.5)]

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Solution for 7000=P[1+.105(.5)] equation:


Simplifying
7000 = P[1 + 0.105(0.5)]

Multiply 0.105 * 0.5
7000 = P[1 + 0.0525]

Combine like terms: 1 + 0.0525 = 1.0525
7000 = P[1.0525]

Reorder the terms for easier multiplication:
7000 = 1.0525P

Solving
7000 = 1.0525P

Solving for variable 'P'.

Move all terms containing P to the left, all other terms to the right.

Add '-1.0525P' to each side of the equation.
7000 + -1.0525P = 1.0525P + -1.0525P

Combine like terms: 1.0525P + -1.0525P = 0.0000
7000 + -1.0525P = 0.0000

Add '-7000' to each side of the equation.
7000 + -7000 + -1.0525P = 0.0000 + -7000

Combine like terms: 7000 + -7000 = 0
0 + -1.0525P = 0.0000 + -7000
-1.0525P = 0.0000 + -7000

Combine like terms: 0.0000 + -7000 = -7000
-1.0525P = -7000

Divide each side by '-1.0525'.
P = 6650.831354

Simplifying
P = 6650.831354

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