Answer
P = 600
Work Step by Step
Substitute 1032 for A, 12 for t, and 0.06 for r to obtain:
1032 = P + P $\times$ 0.06 $\times$ 12
1032 = P + P $\times$ 0. 72
1032 = P + 0.72P
1032 = 1.72 P
Divide both sides by 1.72:
$\frac{1032}{1.72}$ = P
P = 600
