Change These Sentence to Equation

question 21

Multiple Choice

Change these sentence to equation. Use n as the variable. Seventeen is the difference between eleven and five tenths and a number.

• A) 17 = 11.5 - n
• B) 17 = 11 - n
• C) 11.5 = 17 - n
• D) 11.5 = 11 - n
• E) 11 = 11.5 - n

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Definitions:

Monthly Payments

Regular payments made once a month, typically in the context of loans or mortgages.

Loan

A sum of money borrowed by an individual, business, or other entity from a lender that is expected to be paid back with interest over a specified time period.

Compounded Monthly

Compounded monthly refers to the process of adding interest to the principal sum of a loan or deposit, where the interest that accrues is calculated and added monthly, leading to exponential growth.

Retirement Savings

Money that has been saved and set aside for use in retirement, often accruing through investments like pensions, 401(k)s, or individual retirement accounts (IRAs).