Question

A university has raised $5,000 for a new scholarship fund. A university trustee offers to match the donation up to 25% if the university can raise $2,500 more for the fund. If the university is able to raise the extra amount, how much money will be in the fund after the trustee's donation?

Answer 1

After you add 2,500 to 5,000 and then multiply it by 25% you receive the amount $9,375

Answer 2

The answer is $9375.

Explanation:

A university has raised $5,000 for a new scholarship fund.

A university trustee offers to match the donation up to 25% if the university can raise $2,500 more for the fund.

This means if the university raises
`5000+2500=7500` then the trustee will donate 25% of this amount.

So, the trustee will donate =
`0.25*7500=1875` dollars

And total fund will be =
`7500+1875=9375` dollars

So, the answer is $9375.