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.

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?

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?

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

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 his
12 nephews and nieces an equal share of the invested money. How much did
each niece or nephew receive?
Show your work.

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