   Chapter 5.II, Problem 12TIE ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# One-third of the checking accounts at the Community Bank earn interest. If 2,500 accounts are this type, how many total checking accounts does the bank have?

To determine

To calculate: The number of checking accounts the bank ensures, if the bank gives the interest on 2,500 accounts that are one-third of the checking accounts.

Explanation

Given Information:

The bank gives the interest on 2,500 accounts that are one-third of the checking accounts.

Formula used:

To solve the equation and prove the solution, follow the steps as mentioned below.

Step 1: Understand the problem and write the facts of the equation.

Step2: List the known and the unknows from the problem.

Step3: Write the equation with the help of following table of key word and phrases on page 131.

Step4: Solve the equation by rearrange the unknown values to the left side and known values to the right side of the equal sign.

Step5: Prove the solution by substituting the value obtained from step 4 in the equation formed in step 4 then check the left and right of the equation if, they are equal then the answer is correct.

Calculation:

Consider the number of checking accounts the bank ensures, if the bank gives the interest on 2,500 accounts that are one-third of the checking accounts.

Underline the keyword by using the table of of key word and phrases,

 Equal Sign Addition Subtraction Multiplication Division Parentheses Is And Less of Divide Times the quantity of Are Added to Less than Multiply Divided by Was Totals Smaller than Times Divided into Equals The sum of Minus Product of Quotient of Gives Plus Difference Multiplied by Ratio of Giving More than Decreased by Twice Leaves Larger than Reduced by Double Results in Increased by Take away Triple Produces Greater than Loss of At yields exceeds Fewer than @

The bank gives the interest on 2,500 accounts that are one-third of the checking accounts

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