Solve 5(x+6)+x=x+45 what are the points?
2 answers:
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Answer:
Patel’s initial deposit was $3000
Step-by-step explanation:
Given:
Simple interest (S.I.) = 5%
Time period (t) = 10 years
Interest earned (r) = $1500
To find: Patel’s initial deposit
Solution:
Simple interest is a method of calculating the interest charged on the principal, or original amount of a loan.
Let p denotes original amount of a loan
So, Patel’s initial deposit was $3000
We'll first simplify both sides of the expression to get (simply using the distributive property):
Then, we can simplify a little bit:
To solve for n, we have to isolate it. Let's subtract 3n from both sides to further simplify it:
Then, add 18 to both sides to get the value of n:
And that's your answer. If you have questions on how I got that, feel free to ask!
Then, we can simplify a little bit:
To solve for n, we have to isolate it. Let's subtract 3n from both sides to further simplify it:
Then, add 18 to both sides to get the value of n:
And that's your answer. If you have questions on how I got that, feel free to ask!