Solve This Equation $\frac { k } { 15 } + \frac { k } { 35 } = 1$

question 37

Essay

Solve this equation. Simplify your answer. $\frac { k } { 15 } + \frac { k } { 35 } = 1$ Do not convert fractions to decimal form.

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Definitions:

Maker

A person who promises to pay a set sum to the holder of a promissory note or certificate of deposit.

Drawer

The party in a transaction that issues or writes a check or draft, instructing their bank to pay a specified sum to a certain beneficiary.

Notice Of Dishonor

A formal notification that a negotiable instrument, like a check, has been refused payment and is dishonored.

Collecting Bank

A bank that processes checks and other instruments for payment on behalf of the payee.