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Real-Life Math -- Solution

Solving this problem requires several steps.

You must first calculate the total amount in the jar. And this means you must first calculate how much 20 percent of $200, $160 and $120 is.

$200 x 0.20 = $40
$160 x 0.20 = $32
$120 x 0.20 = $24

Now add up these results to get the total amount of money in the jar.

$40 + $32 + $24 = $96

So there is a total of $96 in the jar. So how much of it would you get?

Well, you simply divide $96 by 6. Why? Because you and five others deserve a share of the money that is in the jar.

$96 / 6 = $16

You will get $16.


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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.