P(t)=12,500(1.02)t

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Solution for P(t)=12,500(1.02)t equation: 



(P)=12.500(1.02)P

We move all terms to the left:

(P)-(12.500(1.02)P)=0



We calculate terms in parentheses: -(12.500(1.02)P), so:

12.500(1.02)P

We multiply parentheses

12.24P

Back to the equation:

-(12.24P)



We add all the numbers together, and all the variables

P-(+12.24P)=0

We get rid of parentheses

P-12.24P=0

We add all the numbers together, and all the variables

-11.24P=0

P=0/-11.24

P=0

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