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?
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.6: Solve Applications With Linear Inequalities
Problem 3.111TI: Taleisha’s phone plan costs her $28.80 a month plus $0.20 per text message. How many text messages...
Related questions
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F93fca2eb-d6e7-43dc-9575-5210d88b446c%2Fc5a7d759-1592-4330-ac07-05c62e3bcbc4%2Fox8k67b_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Elementary Algebra](https://www.bartleby.com/isbn_cover_images/9780998625713/9780998625713_smallCoverImage.jpg)
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
![PREALGEBRA](https://www.bartleby.com/isbn_cover_images/9781938168994/9781938168994_smallCoverImage.gif)
![Holt Mcdougal Larson Pre-algebra: Student Edition…](https://www.bartleby.com/isbn_cover_images/9780547587776/9780547587776_smallCoverImage.jpg)
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
![Elementary Algebra](https://www.bartleby.com/isbn_cover_images/9780998625713/9780998625713_smallCoverImage.jpg)
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
![PREALGEBRA](https://www.bartleby.com/isbn_cover_images/9781938168994/9781938168994_smallCoverImage.gif)
![Holt Mcdougal Larson Pre-algebra: Student Edition…](https://www.bartleby.com/isbn_cover_images/9780547587776/9780547587776_smallCoverImage.jpg)
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
![Intermediate Algebra](https://www.bartleby.com/isbn_cover_images/9780998625720/9780998625720_smallCoverImage.gif)
![Elementary Geometry For College Students, 7e](https://www.bartleby.com/isbn_cover_images/9781337614085/9781337614085_smallCoverImage.jpg)
Elementary Geometry For College Students, 7e
Geometry
ISBN:
9781337614085
Author:
Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:
Cengage,
![Algebra: Structure And Method, Book 1](https://www.bartleby.com/isbn_cover_images/9780395977224/9780395977224_smallCoverImage.gif)
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell