Solve the Equation $\frac { 5 x + 3 } { 3 } + \frac { 2 x + 1 } { 9 } = \frac { 5 } { 6 }$

question 11

Short Answer

Solve the equation. $\frac { 5 x + 3 } { 3 } + \frac { 2 x + 1 } { 9 } = \frac { 5 } { 6 }$

---

Definitions:

Inflation Rate

The rate expressed in percentage terms showing the increase in prices for goods and services, leading to a reduction in buying power.

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to assess price changes associated with the cost of living.

Salary

A fixed regular payment, typically paid on a monthly or biweekly basis by an employer to an employee, especially a professional or white-collar worker.

Real Interest Rates

The rate of interest an investor expects to receive after allowing for inflation, reflecting the true cost of borrowing and the true yield on savings.