Solve
-A Number Increased by Three-Fourths of the Number Is $\frac { 14 } { 3 }$

question 300

Multiple Choice

Solve.
-A number increased by three-fourths of the number is 14. Find the number.

• A) 8
• B) 4
• C) \(\frac { 14 } { 3 }\)
• D) 2

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Definitions:

Times Interest Earned Ratio

A financial ratio that measures a company's ability to meet its interest obligations based on its operating income.

Interest Expense

The cost incurred by an entity for borrowed funds, reflecting the price paid for using a lender's money or credit.

Note Payable

A written promise to pay a specific amount of money, usually with interest, by a certain date to a designated party.

Accrued Interest

Interest that has been earned but not yet paid, recognized as an asset or liability prior to the exchange of cash.