SOLUTION: Phillip and Richard invested equal amounts of money in a business. A year later, Phillip withdrew $1,500.00 making the ratio of their investments 1 : 5. How much money did each of
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Question 908131: Phillip and Richard invested equal amounts of money in a business. A year later, Phillip withdrew $1,500.00 making the ratio of their investments 1 : 5. How much money did each of them invest in the beginning?
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
(x-1500)/x=1/5
x=5(x-1500)
x=5x-7500
7500=4x
7500/4=x
x=1875
check
1875-1500=375
375/1875=1/5
375*5=1875
ok
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