=
Multiply both sides by v
<span>
= w Multiply both sides by x
</span>kv = wx Divide both sides by w
<span>
= x Switch the sides to make it easier to read
</span>
x = <span>
</span>
500x3=1500
80x3=240
4x3=12
1500+240+12=1,752
A customer borrowed $2000 and then a further $1000 both repayble in 12 months. What would he have saved if he had taken out one loan for $3000 repayable in 12 months?
He took two different loans, it charged him loan processing fee twice, two-time documentation process, and of course, extra time spent for second loan. Instead, he could take single loan of $3000 with one-time processing fee, one-time documentation process, and time-saving also.