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QuizMath Formula

Rational Equations in Financial Contexts — Quiz

Question 1 • Financial Math

A family spends $⁢2,984 per month on necessities. They decide to save 12% of their gross income for a vacation. They want the ratio of necessities and vacation savings to gross income to equal 0.65 Complete the equation they can use to find the monthly gross income, x , they need to earn to meet these goals.

Answer

Math Formula Answer:

(2984+0.12x)/x=0.65

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