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y=12000(1+.02)4
We simplify the equation to the form, which is simple to understand
y=12000(1+.02)4
Simplifying terms in parentheses
y=12000*(+1.02)*4
Reorder the terms in parentheses
y=+(+12240)*4
Reorder the terms in parentheses
y=+(+48960)
Remove unnecessary parentheses
+y=+48960
We move all terms containing y to the left and all other terms to the right.
+1y=+48960
We simplify left and right side of the equation.
+1y=+48960
We divide both sides of the equation by 1 to get y.
y=48960
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