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\frac{1500}{12000}=1+0.03x
Divide both sides by 12000.
\frac{1}{8}=1+0.03x
Reduce the fraction \frac{1500}{12000} to lowest terms by extracting and canceling out 1500.
1+0.03x=\frac{1}{8}
Swap sides so that all variable terms are on the left hand side.
0.03x=\frac{1}{8}-1
Subtract 1 from both sides.
0.03x=\frac{1}{8}-\frac{8}{8}
Convert 1 to fraction \frac{8}{8}.
0.03x=\frac{1-8}{8}
Since \frac{1}{8} and \frac{8}{8} have the same denominator, subtract them by subtracting their numerators.
0.03x=-\frac{7}{8}
Subtract 8 from 1 to get -7.
x=\frac{-\frac{7}{8}}{0.03}
Divide both sides by 0.03.
x=\frac{-7}{8\times 0.03}
Express \frac{-\frac{7}{8}}{0.03} as a single fraction.
x=\frac{-7}{0.24}
Multiply 8 and 0.03 to get 0.24.
x=\frac{-700}{24}
Expand \frac{-7}{0.24} by multiplying both numerator and the denominator by 100.
x=-\frac{175}{6}
Reduce the fraction \frac{-700}{24} to lowest terms by extracting and canceling out 4.