Question

Chris has $1500 in his bank and takes out 1/3 of the money he decides to use 3/5 of the money he took from his account to pay part of a $700 debt after he makes his payment how much will he owe?

Answer 1

Let's break down the problem step by step:

Chris starts with $1500 in his bank account.

He takes out 1/3 of the money. To find out how much he takes out, you can calculate (1/3) * $1500.

(1/3) * $1500 = $500

Chris takes out $500.

After taking out $500, he decides to use 3/5 of the money he took from his account to pay part of a $700 debt. To find out how much he uses to pay the debt, calculate (3/5) * $500.

(3/5) * $500 = $300

Chris uses $300 to pay part of the $700 debt.

Now, let's calculate how much he still owes. Subtract the amount he used to pay the debt ($300) from the total debt ($700):

$700 - $300 = $400

So, after making his payment of $300, Chris will still owe $400.

Answer 2

He will owe 400 dollars.

Explanation:

`(1)/(3) * 1500 = 500`, the amount he initially draws from his bank account.

`(3)/(5) * 500 = 300`, three fifths of the original 500 he withdrew.

`700 - 300 = 400`, his debt minus the money he set aside to repay it.