I)
8 - 3x = 23
-3x = 15
x = -5
ii)
5x - 16 = 34
5x = 50
x = 10
iii)
2 - 5x = -3
-5x = -5
x = 1
Answer:
a. Yes. The difference is common and equal to $1750
b. $1750
c. $20000 was initial investment
d. This is linear equation with start point of 20000 and slope of 1750:
e. After another 10 years (on the top of 5 given) the investment will be:
- y = 1750*15 + 20000 = $46250
f. After 20 years the value of investment will be:
- y = 1750*20 + 20000 = $55000
Answer:
Step-by-step explanation:
The simple interest rate was: 1.25%
Step-by-step explanation:
Simple interest is given by:

Given
Principal amount =$3000
Time = t = 2 years
Interest amount = A = $75
putting the values in the formula

Dividing both sides by 6000

So,
The rate is:
0.0125 * 100 = 1.25%
Hence,
the simple interest rate was: 1.25%
Keywords: Simple interest, percentage
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