SOLUTION: Joseph has two-fifths interest in a partnership. He sold five-sixths of his interest for $3000.
a) What was the total amount of his interest before selling?
b) What is the value
Algebra.Com
Question 713352: Joseph has two-fifths interest in a partnership. He sold five-sixths of his interest for $3000.
a) What was the total amount of his interest before selling?
b) What is the value of the partnership?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = the value of the partnership
given:
(a)
Before selling the amount of his interest was
$3,600
(b)
The value of the partnership was $9,000
RELATED QUESTIONS
Suhami Chadhuri has a four-ninths interest in a partnership. She sold
three-elevenths... (answered by josmiceli)
kimaro has a three-fifths intereste in a salt operation.He sold five-seveths of his... (answered by greenestamps)
Last year, Goran invested his money in two purchases. He purchased a certificate of... (answered by stanbon)
A man saved 3000 in a bank p, whose interest rate was X% per annum and 2000 in another... (answered by Boreal,Theo)
Samuel has a total of $1639 in two different savings accounts. Last year, one saving... (answered by ankor@dixie-net.com)
Four fifths of a number is 24, what is five sixths of the number
(answered by Theo,MathTherapy)
Mickey Mouse has $3000 more invested in a mutual fund paying 5% interest than he has... (answered by TimothyLamb)
Two bank loans, one for $5000 and the other for $3000, cost a total of $550 in interest... (answered by richwmiller)
Five sixths of a room is now painted.Carlos did two fifths of the painting.How much of... (answered by richwmiller)