1. Service Charge

A bank customer borrowed 10,000 dollars, but received y dollars less than this due to discounting. If there was a separate 25 dollars service charge, then, in terms of y, the service charge was what fraction of the amount that the customer received?

My Work:

The amount of money the customer received was (10,000 - y) dollars. I do not understand how to create a fraction from the given information. The answer is 25/(10,000 - y). Why is this answer correct in terms of the service charge as a fraction?

2. Re: Service Charge

Problem makes no sense to me.

3. Re: Service Charge

If a person received "A" dollars and the service charge was D dollars then the service charge is $\displaystyle \frac{D}{A}$ of the amount received. That is all this is saying.

4. Re: Service Charge

Originally Posted by DenisB
Problem makes no sense to me.
This is what I said 100 times in my head.

5. Re: Service Charge

Originally Posted by HallsofIvy
If a person received "A" dollars and the service charge was D dollars then the service charge is $\displaystyle \frac{D}{A}$ of the amount received. That is all this is saying.
Ok. D is 25 and A is (10,000 - y).