Solve the Problem. -When 5 Times a Number Is Subtracted from 7 Times

question 98

Multiple Choice

Solve the problem.
-When 5 times a number is subtracted from 7 times the number, the result is 16. Find the number.

• A)2
• B)11
• C)8
• D)15

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Definitions:

Note Receivable

A written promise that entitles the holder to receive a specified amount of money from another party on a specified date or on demand.

Pays in Full

Pays in full denotes the complete settlement of a debt or obligation, leaving no outstanding balance.

Accrued Interest

Interest that has been incurred but not yet paid.

Year-End

The end of a fiscal year or calendar year, a significant reporting and assessment time for businesses and individuals for accounting and tax purposes.