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):
Answer by MathTherapy(10552)  (Show Source):
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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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