3/8. Divide 3/4 by two to get 3/8.
Let's say you are walking down the street and you see a lemonade stand. One of the workers tell you that if you buy a lemonade you will have to buy 5 times that amount to sit down and a lemonade cost $2. you order 2 lemonades. after grabbing your drink you feel like sitting down. so you go up to the stand and and attempt to purchase a seat.
5($2x2)=x
(THIS IS JUST AN EXAMPLE)
Answer : 4x + 1 3/4 = 10
Step - by - step explanation : The reason 4 has an " x " at the end of it is because we don't know its exact number
Amount of car loan taken by Scott = $5500
Amount of loan paid back by Scott = $7370
Then
Amount of money paid as interest by Scott = (7370 - 5500) dollars
= 1870 dollars
Then
Percentage of interest given for the car loan = (1870/5500) * 100
= 1870/55
= 34 percent
So Scott had to pay a total interest rate of 34% in the four years.I hope the procedure is simple enough for you to understand and solve future problems.
