SOLUTION: someone has 20% more money than you. They have 50 cents more than you do. How much money do you have?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: someone has 20% more money than you. They have 50 cents more than you do. How much money do you have?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 718978: someone has 20% more money than you. They have 50 cents more than you do. How much money do you have?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
someone has 20% more money than you. They have 50 cents more than you do. How much money do you have?
------
Equations:
a = 1.20u
a = u + 50
------
1.20u = u+50
0.20u = 50
u = $2.50 (amt. of money you have)
------------------------
Cheers,
Stan H.