SOLUTION: Two people owe money. One pays half of 9000.00 back and the other pays half of 11,000.00 back. Is that fair or does the person who owed the most come out ahead?
Algebra.Com
Question 1010585: Two people owe money. One pays half of 9000.00 back and the other pays half of 11,000.00 back. Is that fair or does the person who owed the most come out ahead?
Answer by fractalier(6550) (Show Source): You can put this solution on YOUR website!
Seems to me that the person the money is owed to would have to make that decision...if the debts are completely wiped away after paying back only half of it, I would say it wasn't fair, but it isn't me making that call...
RELATED QUESTIONS
A standard roulette wheel contains the numbers 1-36, and two spaces marked “0” and “00.”... (answered by Boreal)
One person owes $200 and pays back $5 per week. Another person has no money and borrows... (answered by josmiceli,greenestamps)
A standard roulette wheel contains the numbers 1-36, and two spaces marked “0” and “00.”... (answered by Boreal)
Mr. Lim owes Mr. Tan P150,000.00 due in 4.5 years. On the 3rd year, Mr. Lim pays... (answered by Theo)
You would like to have $9000.00 in 8 years for a special vacation following graduation by (answered by ikleyn)
A standard roulette wheel contains the numbers 1-36, and two spaces marked “0” and “00.”... (answered by Boreal)
1st question:
The principal P is borrowed at a simple interest rate r for a period of (answered by ikleyn)
Mr. Wilson invested money in two accounts. His total investment was $40,000. If one... (answered by ikleyn)
Suppose you pay $3.00 to roll a fair die with the understanding that you will get back... (answered by ikleyn,greenestamps)