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Thread: Service Charge

  1. #1
    Super Member harpazo's Avatar
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    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?
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  2. #2
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    Re: Service Charge

    Problem makes no sense to me.
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  3. #3
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    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.
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  4. #4
    Super Member harpazo's Avatar
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    Re: Service Charge

    Quote Originally Posted by DenisB View Post
    Problem makes no sense to me.
    This is what I said 100 times in my head.
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  5. #5
    Super Member harpazo's Avatar
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    Re: Service Charge

    Quote Originally Posted by HallsofIvy View Post
    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).
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