If $200 is put in the bank and each year the account earns 5% simple interest,
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Tony’s club is selling oranges to raise money. For every box they sell, they get 1 1/8 dollars profit. They have sold 75 boxes already. How many more boxes must they sell to raise 180 dollars?
Answer: We are given:
The amount of money Tony's club get for every box they sell dollar
They amount of money Tony's club has raised by selling 75 boxes is:
dollars
The amount of money Tony's club is required to raise = 180 dollars
The remaining need to be raised is :
dollars
Therefore, the number of more boxes to be sold are:
Hence, 85 more boxes they must sell to raise 180 dollars