StartFraction 6 Over 7 EndFraction x + one-half = StartFraction 7 Over 8 EndFraction for x?
1 answer:
The value of x in 6/7x + 1/2 = 7/8 is 7/16
<h3>How to solve for x?</h3>The equation is given as:
6/7x + 1/2 = 7/8
Subtract 1/2 from both sides
6/7x + 1/2 -1/2 = 7/8 -1/2
Evaluate the difference
6/7x = 3/8
Multiply both sides by 7
6x = 21/8
Divides both sides by 6
Hence, the value of x is 7/16
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Answer:
$3,090.64
Step-by-step explanation:
We shall allocate a random letter to each value, with that I explain the formula.
Initial value of investment = $5,003.86 = P
Rate of interest = 3.7% = R
Compounding interval in a year = 365 = I
Total period = 13 years = T
Value of investment in compound interest formula shall be:
Now, putting values in the above equation:
= $8,094.50
Thus, interest earned = Total value of investment on maturity - Initially invested amount
= $8,094.50 - $5,003.86 = $3,090.64