Sorry for the title, I don't know how else to put this into words.
Basically I wanted to know how to get the result below:
I have no idea about why the graph is showing X as a diagonal line. How can X by itself be a line which is not constant?
Sorry for the title, I don't know how else to put this into words.
Basically I wanted to know how to get the result below:
I have no idea about why the graph is showing X as a diagonal line. How can X by itself be a line which is not constant?
$$x=462+0.085x$$ $$(1-0.085)x=462$$ $$0.915x=462$$ $$x=\frac{462}{0.915}=\frac{30800}{61}$$
Here you want to solve $$x=462+0.085x$$ There are two equations $y=x$ and $y=462+0.085x$.
Solving for $x=462+0.085x$ is equivalent to determining the solutions for the system $$y=x \text{ (Denoted by Blue Line) }$$
&
$$y=462+0.085x\text{ (Denoted by Red Line) }$$
The point of intersection of those two lines is your solution. Now we proceed to find the solution. $$(1-0.085)x=462$$ $$0.915x=462$$ $$x=\frac{462}{0.915}=\frac{30800}{61}$$