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Simplifying p = 100000(1 + 0.05) * 16 Combine like terms: 1 + 0.05 = 1.05 p = 100000(1.05) * 16 Multiply 100000 * 1.05 p = 105000 * 16 Multiply 105000 * 16 p = 1680000 Solving p = 1680000 Solving for variable 'p'. Move all terms containing p to the left, all other terms to the right. Simplifying p = 1680000
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