SOLUTION: For every $5.00 I pay I will recieve .01, how much money do I need to pay to recieve $250.00?

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Question 847200: For every $5.00 I pay I will recieve .01, how much money do I need to pay to recieve $250.00?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
You can set up a ratio:
+.01+%2F+5+=+250+%2F+x+
Multiply both sides by +5x+
+.01x+=+5%2A250+
+.01x+=+1250+
+x+=+125000+
You need to pay $125,000