A university research lab receives a multi-year grant. In the first quarter, the lab spends of the total grant on laboratory equipment. In the second quarter, the lab spends of the remaining funds on research staff salaries. At the beginning of the third quarter, the lab receives a supplementary addition equal to of the funds remaining at the end of the second quarter. If the total amount of money in the grant immediately following the third-quarter addition is , what was the initial dollar amount of the research grant?
- A$84,000
- $126,000Answer
- C$157,500
- D$210,000
- E$315,000
Answer
$126,000
The correct answer of G \frac{2}{7}\frac{5}{7}G \frac{3}{5}\frac{2}{5} \times \frac{5}{7}G = \frac{2}{7}G \frac{1}{4}\frac{2}{7}G \frac{1}{14}G \frac{2}{7}G + \frac{1}{14}G = \frac{5}{14}G \frac{5}{14}G = 45,000 G = 126,000$.
Step-by-Step Solution
Key Concept
Multi-step sequential fraction operations and base tracking in word problems