y=315000(1+0.02)

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Solution for y=315000(1+0.02) equation: 



y=315000(1+0.02)

We move all terms to the left:

y-(315000(1+0.02))=0

We add all the numbers together, and all the variables

y-(315000(1.02))=0

We add all the numbers together, and all the variables

y-321300=0

We move all terms containing y to the left, all other terms to the right

y=321300

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