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Simplifying P + 0.06P = 360.40 Combine like terms: P + 0.06P = 1.06P 1.06P = 360.40 Solving 1.06P = 360.40 Solving for variable 'P'. Move all terms containing P to the left, all other terms to the right. Divide each side by '1.06'. P = 340 Simplifying P = 340
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