Determine what type of model best fits the given situation: principal p is invested at an annual interest of rate r, compounded
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Given:
Mrs. Applegate owns of the business.
Mrs. Brown owns 3 times as much as Mrs. Charles.
To find:
The fractional part of the business that Mrs. Brown owns.
Solution:
Let Mrs. Charles owns x part of business.
Mrs. Brown owns 3 times as much as Mrs. Charles.
Mrs. Brown owns = 3x part of business.
Mrs. Applegate owns of the business.
Divide both sides by 4.
Now,
Mrs. Brown owns
Therefore, Mrs. Brown owns of the business.