A university has raised $8,000 for a new scholarship fund. A university trustee offers to match the donation up to 60% if the university can raise $1,500 more for the fund. If the university is able to raise the extra amount, how much money will be in the fund after the trustee's donation?

Well if they match 60% of the $8,000 then it will be $14,300 but if they match 60% of the 8,000+1,500 then it would be $15,200.

Answered by Val98 | 2024-06-10

The total amount in the scholarship fund after raising an extra $1,500 and including the trustee's matching donation will be $10,400. This includes the initial amount of $8,000, the additional funds raised, and the 60% match from the trustee. Therefore, the final amount is $10,400.
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Answered by Val98 | 2024-12-17