SOLUTION: 6.5%=(10,000,000-P)/P * (365/180) solve for P, answer is 9,689,408 please show the steps, very grateful for anyone who answers

Algebra ->  Finance -> SOLUTION: 6.5%=(10,000,000-P)/P * (365/180) solve for P, answer is 9,689,408 please show the steps, very grateful for anyone who answers      Log On


   

Question 683563: 6.5%=(10,000,000-P)/P * (365/180)
solve for P, answer is 9,689,408
please show the steps, very grateful for anyone who answers
Answer by vtjimmy(2) About Me  (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