Question: Hi, I need further clarification on a question I submitted earlier today: My Original Question : Can I please get step by step instructions on

Hi, I need further clarification on a question I submitted earlier today:

My Original Question: Can I please get step by step instructions on how to solve for x: x/1.06 + x/1.0652 + x/1.073 = 55.341 Thanks so much!

Answer Provided: x/1.06 + x/1.0652 + x/1.073 = 55.341 Take the common denominator for the LHS Common Denominator = 1.06*1.0652*1.073 Hence, LHS = (1.065 2*1.073x + 1.06*1.073x + 1.06*1.0652x)/(1.06*1.0652*1.07 3) = (1.390x + 1.299x + 1.202x)/1.4728 = 3.8903x/1.4728 Hence, 3.891x/1.473 = 55.341 => x = 55.341*1.473/3.891 = 20.950

Please Provide Clarification on Provided Answer: This is how it is written out in my solutions...but, I don't remember how to get this part: (1.0652*1.073x + 1.06*1.073x + 1.06*1.0652x) from the above. Thanks!

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!