Let each of the five friends have the amount of money be $x.
A sum of money with five friends =5x
A money with the sixth person = $1
Total money donated by six friends =5x+1
If 5x+1 amount of money is divided among 3 beggars, then each beggar gets $7.
∴(5x+1)3=7.
Step 1: Multiply both the sides by 3
(5x+1)3×3=7×3
⇒(5x+1)=21
Step 2: Subtract both sides of the equation by 1 to eliminate 1 on the left side of the equation.
⇒5x+1−1=21−1⇒5x=20
Step 3: Now, divide both sides by 5 to eliminate 5 on the left side of the equation.
⇒5x5=205⇒5×x5=5×45⇒x=4
Hence, each of the five friends have $4.