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A bank customer borrowed \(\$10,000,\) but received \(y\) dollars less than this due to discounting. If there was a

Expert replies
by Vincen » Thu Sep 03, 2020 5:33 am

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Answers

A

B

C

D

E

Stats

Difficulty

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

A. \(\dfrac{25}{10,000 - y}\)
B. \(\dfrac{25}{10,000 - 25y}\)
C. \(\dfrac{25y}{10,000 - y}\)
D. \(\dfrac{y - 25}{10,000 - y}\)
E. \(\dfrac{25}{10,000 - (y - 25)}\)

Answer: A

Source: Official Guide
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