BuyFind

Precalculus: Mathematics for Calcu...

6th Edition
Stewart + 5 others
Publisher: Cengage Learning
ISBN: 9780840068071
BuyFind

Precalculus: Mathematics for Calcu...

6th Edition
Stewart + 5 others
Publisher: Cengage Learning
ISBN: 9780840068071

Solutions

Chapter 1.6, Problem 27E
To determine

To find: the amount of money did he inherit.

Expert Solution

Answer to Problem 27E

  $45,000 .

Explanation of Solution

Given:

Craig is saving to buy home and his saving is $22000 .

He inherits some money from uncle and combine to it.

Again, total money investment in a lucky draw for doubling the money and the total amount after lucky draw is 134,000 .

Calculation:

Let the money inherited from uncle be x .

Therefore, total money before investment is $22000+x .

Now, total money after investment is $2(22000+x) .

And it is given that 2(22000+x)=134,000

Now, solve the equation, then:

  2(22000+x)=134,000(22000+x)=67,000{divide both sides by 2}x=6400022,000{subtract both sides by 22000}x=45,000

Therefore, the amount of money did he inherit is $45,000

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