Answer:
x=-7
Step-by-step explanation:
7x2-x=7
7x2=14.
14-x=7
When you finished the last step, you will subtract 14 to both sides.
14-x=7
14-14-x=7-14
this will cancel out the 14 on the left.
And will leave you with:
-x=7-14
7-14 is -7.
and this will get you to
-x=-7
To finish this off, you have to turn the negative x/variable, into a positive x/variable.
So, you will divide both sides of the equation by the same term.
-x = -7
into
and it will be -7.
I hope this helps :)
The interest rate is 6.992%, if a bank advertises that it compounds money quarterly and that it will take Double your money in 10 years.
Step-by-step explanation:
The given is,
Compounds money quarterly
Double your money in 10 years
Step:1
Formula to calculate future investment with compounded quarterly,
...............................(1)
Where, A - Future amount
P - Initial investment\
r - Rate of interest
n - No. of compounding in a year
t - No. of years
Step:2
Let, P = X
A = 2X ( Double your money )
From given, n - 4 ( for compounding quarterly )
t - 10 years
From equation (1)
Take root root on both side,
r = 6.992 %
Result:
The interest rate is 6.992%, if a bank advertises that it compounds money quarterly and that it will take Double your money in 10 years.