Problema Solution
In 2004, the private funding for a research institute increased by $.18 million from the previous year. The increase from 2004 to 2005 was $.12 million. Over the three-year period 2003-2005, the total private funding was $13.74 million. What was the private funding for each of these years?
Answer provided by our tutors
Let the funding in 2003 be x. Then 2004 => x+0.18. In 2005=> x+0.18+0.12.
Total fuinding = x+x+0.18+x+0.18+0.12 = 13.74 ==> 3x +0.48 = 13.74 ==> 3x=13.26
So, x =$ 4.42 million
So, 2004 => $ 4.6 million
2005 => $ 4.72 million