How long will it take for $6,500 to double at a simple interest rate of 7%? Round to the nearest tenth of a year.
1 answer:
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-5 = 
- 2 equals x = -4.
First, simplify to 
. / Your problem should look like: -5 = - 2.
Second, multiply both sides by 4. / Your problem should look like: -20 = 3x -8.
Third, add 8 to both sides. / Your problem should look like: -20 + 8 = 3x.
Fourth, simplify -20 + 8 to -12. / Your problem should look like: -12 = 3x.
Fifth, divide both sides by 3. / Your problem should look like:
= x.
Sixth, simplify
to 4. / Your problem should look like: -4 = x.
Seventh, switch sides. / Your problem should look like: x = -4, which is your answer.
First, simplify
Second, multiply both sides by 4. / Your problem should look like: -20 = 3x -8.
Third, add 8 to both sides. / Your problem should look like: -20 + 8 = 3x.
Fourth, simplify -20 + 8 to -12. / Your problem should look like: -12 = 3x.
Fifth, divide both sides by 3. / Your problem should look like:
Sixth, simplify
Seventh, switch sides. / Your problem should look like: x = -4, which is your answer.
