Find the total paid on a $50,000 loan with 5.5% simple interest for 7 years.
1 answer:
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Answer:
|x - 5| = 2
Step-by-step explanation:
Since we are not given a zero on the number line, we do the following:
Average = midpoint between two numbers on the number line
For this number line,
Average = 3 + 7 ÷ 2
Average = 5
Next we find how many units away are each number from the middle:
3 is 2 units away from 5
7 is 2 units away from 5
Units away = 2
Let's use the formula:
|x - average| = Units away
Substitute values into equation
|x - 5| = 2
Now we solve
Solve for x over the integers:
|x - 5| = 2
Split the equation into two possible equations:
x - 5 = 2 or x - 5 = -2
Add 5 to both sides:
x = -5 + 5 = 2 + 5 or x - 5 + 5 = -2 + 5
Answer:
x = 7 or x = 3
LOOK AT THE GRAPH AND NUMBER LINE
