SOLUTION: hello, can you help? I have this dual rate YP formula and I need to work out what x equals (x equals the interest rate) 1/ X = 0.03/(1.03)-1

SOLUTION: hello, can you help? I have this dual rate YP formula and I need to work out what x equals (x equals the interest rate) 1/ X = 0.03/(1.03)-1

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Question 199779: hello, can you help? I have this dual rate YP formula and I need to work out what x equals (x equals the interest rate)
1/
X = 0.03/(1.03)-1
Answer by edjones(8007) (Show Source): You can put this solution on YOUR website!
1/x=(.03/1.03) -1 Assuming this is the problem
1.03=.03x-1.03x multiply each side by 1.03x (LCM).
-x=1.03
x=-1.03
.
Ed
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