SOLUTION: Children from the ages of four through twelve in the United States had a combined income of $20.3 billion in 1996. This was a 16% increase from 1995. What was their combined incom

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Question 473117: Children from the ages of four through twelve in the United States had a combined income of $20.3 billion in 1996. This was a 16% increase from 1995. What was their combined income in 1995?
Answer by stanbon(75887) About Me  (Show Source):
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Children from the ages of four through twelve in the United States had a combined income of $20.3 billion in 1996. This was a 16% increase from 1995. What was their combined income in 1995?
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Let x be the combined income in 1995.
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Equation:
x + 0.16x = 20.3 billion
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1.16x = 20.3
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x = 19.151 billion
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Cheers,
Stan H.