Megan hughes deposits $4300 in an account that pays simple interest. when she withdraws her money 7 months later, she receives
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The value of x in the given equation is 0.03
<u>Step-by-step explanation:</u>
The given equation is that
<u>The steps to be followed to solve the equation are :</u>
Add the like terms together to reduce the equation in a simplified form.
Here, there are two x terms and they must be reduced to a single term.
For this, add the both terms together so that the equation is simplified into one x term and a constant term.
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To eliminate the constant term on the left side of the equation, add 0.1245 on both sides.
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Now, the equation is further simplified by dividing 4.15 on both sides,
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Therefore, the value of x is 0.03