How much money should be deposited today in an account that earns 4% compounded semi annually so that it will accumulate to 13,0
1 answer:
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Answer: x=3
Step-by-step explanation: Step 1: Simplify both sides of the equation.
21x−5=7+17x
21x+−5=7+17x
21x−5=17x+7
Step 2: Subtract 17x from both sides.
21x−5−17x=17x+7−17x
4x−5=7
Step 3: Add 5 to both sides.
4x−5+5=7+5
4x=12
Step 4: Divide both sides by 4.
=
So Final Answer: <u>x=3</u>
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