8,424=p(1+0.08*7)

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Solution for 8,424=p(1+0.08*7) equation: 



8.424=p(1+0.08*7)

We move all terms to the left:

8.424-(p(1+0.08*7))=0

We add all the numbers together, and all the variables

-(p(1.56))+8.424=0



We calculate terms in parentheses: -(p(1.56)), so:

p(1.56)

We multiply parentheses

1.56p

Back to the equation:

-(1.56p)



We add all the numbers together, and all the variables

-(+1.56p)+8.424=0

We get rid of parentheses

-1.56p+8.424=0

We move all terms containing p to the left, all other terms to the right

-1.56p=-8.424

p=-8.424/-1.56

p=5+0.624/1.56

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