Answer:
x=1
Step-by-step explanation:
6(5x - 3) + 2 = 14
Subtract 2 from each side
6(5x - 3) + 2-2 = 14-2
6(5x - 3) = 12
Divide each side by 6
6(5x - 3) /6 = 12/6
5x-3 = 2
Add 3 to each side
5x-3+3 = 2+4
5x=5
Divide each side by 5
5x/5 = 5/5
x = 1
Answer:
Step-by-step explanation:
Answer:
Rate = 6.56%
Step-by-step explanation:
Principal (P) = $5000
Interest (I) = $6312
Time (T) = 4 years
Rate (r) = ?
This question is involves simple interest and with the formula, we can easily plug in the values to find the rate.
S.I = P(1 + rt)
S.I = simple interest
P = principal
R = Rate
T = Time
6312 = 5000(1 + r*4)
6312 = 5000 + 5000*4r
6312 - 5000 = 20000r
1312 = 20000r
r = 1312 / 20000
r = 0.0656
Rate are calculated in percentage hence we'll multiply it by 100
R = 6.56%