SOLUTION: Hi this is just a simple algebra equation , I know the answer but I just can't figure out the steps, it's been a while since I've done a math course. 6.5%=(10,000-P)/P * 365/180

Question 683559: Hi this is just a simple algebra equation , I know the answer but I just can't figure out the steps, it's been a while since I've done a math course.
6.5%=(10,000-P)/P * 365/180
solve for P
the answer is:
P = 9,689,408
thank you for anyone who takes the time to answer this

Found 2 solutions by vtjimmy, MathTherapy:
Answer by vtjimmy(2) (Show Source): You can put this solution on YOUR website!
solved it
0.03205=10,000,000-P/P
0.03205P=10,000,000-P
1.03205P=10,000,000
= 9,689,453.03
Answer by MathTherapy(10552) (Show Source): You can put this solution on YOUR website!

Hi this is just a simple algebra equation , I know the answer but I just can't figure out the steps, it's been a while since I've done a math course.
6.5%=(10,000-P)/P * 365/180
solve for P
the answer is:
P = 9,689,408
thank you for anyone who takes the time to answer this

The answer's not 9,689,408, but 9,689.408 instead

6.5%=(10,000-P)/P * 365/180

0.032054795P = 10,000 - P ------ Cross-multiplying

0.032054795P + P = 10,000

1.032054795P = 10,000

, or ≈

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