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y=(y*0.35)+20000
We simplify the equation to the form, which is simple to understand
y=(y*0.35)+20000
Remove unnecessary parentheses
y=0.35y+20000
We move all terms containing y to the left and all other terms to the right.
+1y-0.35y=+20000
We simplify left and right side of the equation.
+ 0.65y=+20000
We divide both sides of the equation by 0.65 to get y.
y=30769.230769231
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