Solve for :
Multiply the two numerical factors together. The term has a numeric coefficient that can be simplified before anything else:
so the equation is . (In context this is the shape of "principal plus 52 weeks of a weekly charge".)
Collect the like terms. The bare counts as , so
giving . Forgetting the invisible coefficient here is the single most common error in this type.
Divide by the coefficient.
Clear the decimal to get an exact value. Multiply numerator and denominator by and cancel the common factor :
Since and , this does not reduce further and does not terminate as a decimal:
Round appropriately and check. To the cent, . Substituting back, exactly, and .
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