Answer:
It should be 75 inches
Step-by-step explanation:
6x-1=4x+6
subtracting 4x from each side
2x-1=6
adding 1 to each side
2x=7
divide by 2
x=7/2 or 3.5
check: 6(7/2) -1 =4(7/2)+6
21-1 =14+6
20=20 correct
A common ratio for that sequence is r = 5/1
I = p * r * n
i is the interest
p is the principal
r is the interest rate per time period
n is the number of time periods.
in your problem:
i = 900
p = 2000
r = what you want to find
n = 3 years
formula becomes 900 = 2000 * r * 3
solve for r to get r = 900 / 2000 / 3 = .15
that's .15 interest rate per year = 15% per year.
at a nominal interest rate of .15 per year, the interest rate per month would be .15/12 = .0125 per month.
the remaining balance at the end of 6 month is equal to 1907.140183
