Solve the Equation $$4 ( y + 7 ) = 5 ( y - 4 )$$

question 10

Multiple Choice

Solve the equation.
- $$4 ( y + 7 ) = 5 ( y - 4 )$$

• A) \(\{ - 48 \}\)
• B) \(\{ 48 \}\)
• C) \(\{ - 8 \}\)
• D) \(\{ 8 \}\)

---

Definitions:

Market Rate

The prevailing interest rate available in the marketplace, often used as a benchmark for setting loan or investment interest rates.

Compound Semi-Annually

Interest on an investment or loan is calculated twice a year, with each calculation adding the accrued interest to the principal for future interest computation.

Strip Bond

A debt security that has had its main components, such as periodic interest payments, separated, leaving only the principal to be repaid at maturity.

Discount Rate

The interest rate charged by central banks to commercial banks for loans and advances, influencing monetary policy and overall economy.