Solve for p
p = \frac{279296875000}{14348907} = 19464\frac{9749152}{14348907} \approx 19464.679435165
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28600=p\times 1.08^{5}
Add 1 and 0.08 to get 1.08.
28600=p\times 1.4693280768
Calculate 1.08 to the power of 5 and get 1.4693280768.
p\times 1.4693280768=28600
Swap sides so that all variable terms are on the left hand side.
p=\frac{28600}{1.4693280768}
Divide both sides by 1.4693280768.
p=\frac{286000000000000}{14693280768}
Expand \frac{28600}{1.4693280768} by multiplying both numerator and the denominator by 10000000000.
p=\frac{279296875000}{14348907}
Reduce the fraction \frac{286000000000000}{14693280768} to lowest terms by extracting and canceling out 1024.
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