Solve the Equation $$| 5 - 8 x | = 16$$

question 113

Multiple Choice

Solve the equation.
- $$| 5 - 8 x | = 16$$

• A) \(\left\{ - \frac { 11 } { 8 } \right\}\)
• B) \(\left\{ \frac { 11 } { 8 } , - \frac { 11 } { 8 } \right\}\)
• C) \(\left\{ - \frac { 11 } { 8 } , \frac { 21 } { 8 } \right\}\)
• D) \(\left\{ - \frac { 21 } { 8 } , \frac { 11 } { 8 } \right\}\)

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Definitions:

Contract Rate

The agreed-upon interest rate specified in a loan or bond contract.

Market Rate

The prevailing interest rate available in the marketplace or the typical price of a good or service in the open market.

Discount

A reduction applied to the regular price of goods or services, typically offered to prompt payment or to certain customers.

Bonds Payable

Long-term liabilities representing money owed by a company to bondholders, to be repaid by a specified date.