Answer:
7x-1/22 = 3x+1/10
Multiply both sides of the equation by the Lowest common Multiple of the denominators(22 and 10). This is done to clear the fractions.
The LCM of 22 and 10 is 110
So
110 x(7x-1/22) = 110 x (3x+1/10)
110/22 =5
110/10 = 11
So the eqn now becomes
5(7x-1) = 11(3x+1)
Opening the parentheses
35x - 5 = 33x + 11
Collect Like Terms
35x - 33x = 11 + 5
2x = 16
x= 8.
Answer: $8,683.13
Step-by-step explanation:
In the case of loans, collateral is that item, property or any valuable possession someone in need of a loan gives to his/her lender as a sign of commitment to pay back the loan or possibly forfeit Such valuable if the loan repayment is not met. Mostly, collaterals are often of almost equal value with the amount borrowed or dependent on what is negotiated between the parties involved in the loan.
In this case, The collateral presented is worth $10,525.00 and the bank policy is to loan 82.5% of the value of the Collateral, hence, to know the maximum amount of money Sam can get from his bank, we simply multiply the worth of the collateral by 82.5%. this becomes:
= (82.5/100) × 10,525
= $8,683.13.
This is the maximum loan amount Sam can get from his bank.
Step-by-step explanation:
all work is shown and pictured