SOLUTION: The Omaha World-Herald, on January 23, 2001, ran an article titled “Lending Agency Convicted of Predatory Lending Practices.” A loan company took the title to an elderly Bellevue

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Question 825075: The Omaha World-Herald, on January 23, 2001,
ran an article titled “Lending Agency Convicted of Predatory Lending Practices.” A loan company took the title to an elderly Bellevue widow’s home by paying taxes of about $22,200. The market value of the house is 3 1/2 times the tax. What was the market value? Round to the nearest ten thousands.
I know the market value is $80,000 (7/2 x 22,200), but how would I write and solve this as an equation?
Thanks in advance!
Found 2 solutions by TimothyLamb, MathTherapy:
Answer by TimothyLamb(4379)   (Show Source): You can put this solution on YOUR website!
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22200 * 3.5 = $77,700
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Answer by MathTherapy(10552)   (Show Source): You can put this solution on YOUR website!
The Omaha World-Herald, on January 23, 2001,
ran an article titled “Lending Agency Convicted of Predatory Lending Practices.” A loan company took the title to an elderly Bellevue widow’s home by paying taxes of about $22,200. The market value of the house is 3 1/2 times the tax. What was the market value? Round to the nearest ten thousands.
I know the market value is $80,000 (7/2 x 22,200), but how would I write and solve this as an equation?
Thanks in advance! 


Let market value be V

Then: , or 

By the way, the market value is NOT $80,000. Do the arithmetic and you'll see.



You can do the check!! 



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