Mackenzie took out a payday loan for $1100 that charged a $95 fee. If the loan matures in 2 weeks, what is the approximate effec
2 answers:
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Answer:
Given the equation:
Distributive property of multiplication states that when a number is multiplied by the sum of the two numbers, the first number can be distributed to both of those numbers and multiplied by each of them separately i.e,
Now, using distributive property to LHS and RHS, we get
Combine like terms on RHS;
or
Subtract 3 from both sides of an equation;
2x+3-3 =4x+3-3
Simplify:
2x = 4x
or
2x = 0
⇒ x =0
Therefore, the value of x in the given equation
is 0.