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x-\frac{1}{4}=1.0049\left(x-1\right)
Variable x cannot be equal to 1 since division by zero is not defined. Multiply both sides of the equation by x-1.
x-\frac{1}{4}=1.0049x-1.0049
Use the distributive property to multiply 1.0049 by x-1.
x-\frac{1}{4}-1.0049x=-1.0049
Subtract 1.0049x from both sides.
-0.0049x-\frac{1}{4}=-1.0049
Combine x and -1.0049x to get -0.0049x.
-0.0049x=-1.0049+\frac{1}{4}
Add \frac{1}{4} to both sides.
-0.0049x=-\frac{7549}{10000}
Add -1.0049 and \frac{1}{4} to get -\frac{7549}{10000}.
x=\frac{-\frac{7549}{10000}}{-0.0049}
Divide both sides by -0.0049.
x=\frac{-7549}{10000\left(-0.0049\right)}
Express \frac{-\frac{7549}{10000}}{-0.0049} as a single fraction.
x=\frac{-7549}{-49}
Multiply 10000 and -0.0049 to get -49.
x=\frac{7549}{49}
Fraction \frac{-7549}{-49} can be simplified to \frac{7549}{49} by removing the negative sign from both the numerator and the denominator.