Janet took out a loan of $50,000 from Bank of America at 8% on March 19, 2015, which is due on July 8, 2015. Using exact interes
1 answer:
You might be interested in
The store employee works 35 hours per week. Which inequality can be used to find the dollar value, x, of weekly sales that the employee must make to earn more than $400 per week?
Answer:
The money Rachael plan to collect for the shelter is <u>$350</u>.
Step-by-step explanation:
Given:
Rachel is collecting donations for the local animal shelter.
So far she has collected $245, which is 70% of what she hopes to collect.
Now, to find the money Rachael plan to collect for the shelter.
Let the total amount Rachael plan to collect be .
Amount she collected = $245.
Percentage of amount she collected = 70%.
Now, to get the amount Rachael plan to collect we put an equation:
⇒
⇒
⇒
<em>Dividing both sides by 0.70 we get:</em>
⇒
Therefore, the money Rachael plan to collect for the shelter is $350.