Solve 1500000=P(1+(12/400))^60

$$1500000 = P ( 1 + ( \frac { 12 } { 400 } ) ) ^ { 60 }$$

Solve for P

$$P = \frac{1500000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000}{5891603104045736685484056033791556392459372525288902802732181204854406860741887826528078267483312324283348097357816135201} = 254599\frac{3.7413130594673425 \times 10^{120}}{5.891603104045737 \times 10^{120}} \approx 254599.635024626$$

Steps for Solving Linear Equation

Reduce the fraction \frac{12}{400} to lowest terms by extracting and canceling out 4.

$$1500000=P\left(1+\frac{3}{100}\right)^{60}$$

Add 1 and \frac{3}{100} to get \frac{103}{100}.

$$1500000=P\times \left(\frac{103}{100}\right)^{60}$$

Calculate \frac{103}{100} to the power of 60 and get \frac{5891603104045736685484056033791556392459372525288902802732181204854406860741887826528078267483312324283348097357816135201}{1000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000}.

$$1500000=P\times \frac{5891603104045736685484056033791556392459372525288902802732181204854406860741887826528078267483312324283348097357816135201}{1000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000}$$

Swap sides so that all variable terms are on the left hand side.

$$P\times \frac{5891603104045736685484056033791556392459372525288902802732181204854406860741887826528078267483312324283348097357816135201}{1000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000}=1500000$$

Multiply both sides by \frac{1000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000}{5891603104045736685484056033791556392459372525288902802732181204854406860741887826528078267483312324283348097357816135201}, the reciprocal of \frac{5891603104045736685484056033791556392459372525288902802732181204854406860741887826528078267483312324283348097357816135201}{1000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000}.

$$P=1500000\times \frac{1000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000}{5891603104045736685484056033791556392459372525288902802732181204854406860741887826528078267483312324283348097357816135201}$$

Multiply 1500000 and \frac{1000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000}{5891603104045736685484056033791556392459372525288902802732181204854406860741887826528078267483312324283348097357816135201} to get \frac{1500000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000}{5891603104045736685484056033791556392459372525288902802732181204854406860741887826528078267483312324283348097357816135201}.

$$P=\frac{1500000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000}{5891603104045736685484056033791556392459372525288902802732181204854406860741887826528078267483312324283348097357816135201}$$