Basic College Mathematics (9th Edition)

Published by Pearson
ISBN 10: 0321825535
ISBN 13: 978-0-32182-553-7

Chapter 2 - Multiplying and Dividing Fractions - 2.6 Applications of Multiplication - 2.6 Exercises - Page 158: 36

Answer

$16,775

Work Step by Step

If $\frac{5}{16}$ is borrowed in the last year, then $\frac{11}{16}$ was borrowed in the first years. Multiply the total borrowed by $\frac{11}{16}$ to determine the amount borrowed in the first years. $24,400 \times \frac{11}{16}$ can be reduced by the common factor of 4. $6,100 \times \frac{11}{4}$ can be further reduced by the common factor of 4. $1525 \times \frac{11}{1} = 16,775$
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