Justify your answer.Five years ago Uncle Shelby had $108,000. He put of the money in the bank.He invested the rest of the money and it gained 24%. He then gave each of his12 nephews and nieces an equal share of the invested money. How much dideach niece or nephew receive?Show your work.

Given query is to find the money received by each person.

Answered: 3 Five years ago Uncle Shelby had…

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015

1st Edition

ISBN:9781680331141

Author:HOUGHTON MIFFLIN HARCOURT

Publisher:HOUGHTON MIFFLIN HARCOURT

Chapter2: Solving Linear Inequalities

Section: Chapter Questions

Problem 13CT

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3 Five years ago Uncle Shelby had $108,000. He put of the money in He invested the rest of the money and it gained 24%. He then gave 12 nephews and nieces an equal share of the invested money. How each niece or nephew receive?