Find the annual interest rate.
2 answers:
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<h2><u>Answer:</u></h2><h2><u></u>
<u></u></h2><h2><u></u></h2><h2><u>Solution Steps:</u></h2>
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<h3>1.) Combine like terms:</h3>
<em> - We do this because we need 1 Number/Variable left over. </em>
<u>Equation at the end of Step 1:</u>
- <u />
<u />
<em />
<h3>2.) Add −17 and 31:</h3><em> - We do this because we can only have 1 number on each side of the equals. (This doesn't count towards the number connected to the variable.)</em>
<u>Equation at the end of Step 2:</u>
- <u />
<u />
<h3>3.) Subtract 14 from both sides:</h3>
Cancels Out
<em> - We do this because now we just need the 1 variable and the 1 number on opposite sides of the equal.</em>
<u>Equation at the end of Step 3:</u>
- <u />
<u />
- <em />
<em> </em>×
<em />
- <em />
<em> </em>×
<em> - We multiply by 2 since we have a fraction. In this case the reciprocal is 2 meaning we multiply by 2. </em>
<em></em>
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