Problema Solution
Chris has $1500 in the bank and takes out 1/3 of the money. He decides to use 3/5 of the money he took from his account to pay part of a $700 debt. After he makes this payment, how much, in dollars, does he still owe?
Answer provided by our tutors
Chris takes out (1/3)*1500 = $500.
He uses (3/5)*500 = $300 to pay part of $700
The amount he still owes (after paying $300) is:
$700 - $300 = $400
Chris still owes $400.