Answer:
x = 3/2 or 1.5
Step-by-step explanation:
6 - 2x = 3
(You have to subtract 6 on both sides so it can cancel out)
6 - 6 - 2x = 3 - 6
-2x = -3
(Now, you divide -2 on both sides to isolate the x)
-2/(-2)x = -3/(-2)
x = 3/2
2 one do you need explanation ??
Answer:
Step-by-step explanation:
Answer: the interest rate is 3.67%
Step-by-step explanation:
We would apply the formula for determining simple interest which is expressed as
I = PRT/100
Where
I represents interest paid on the bond.
P represents the principal or amount at which you bought the bond.
R represents interest rate on the bond
T represents the duration of the bond in years.
From the information given,
P = 3000
T = 10 years
I = 4100 - 3000 = 1100
Therefore,
1100 = (3000 × R × 10)/100 = 300R
R = 1100/300
R = 3.67%
