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y=1+0.04/12
We move all terms to the left:
y-(1+0.04/12)=0
We add all the numbers together, and all the variables
y-(0.04/12+1)=0
We get rid of parentheses
y-1-0.04/12=0
We multiply all the terms by the denominator
y*12-0.04-1*12=0
We add all the numbers together, and all the variables
y*12-12.04=0
Wy multiply elements
12y-12.04=0
We move all terms containing y to the left, all other terms to the right
12y=12.04
y=12.04/12
y=1+0.039999999999999/12
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