Answer:
[tex]\dfrac{2}{3}x = \$ 2500[/tex]
$3750
Step-by-step explanation:
Given that:
Jay saves [tex]\frac{2}{3}^{rd}[/tex] of the savings account for his college education.
Money set aside for the college education = $2500
To find:
Total money present in the savings account of Jay = ?
Solution:
Let the total money in the savings account be $[tex]x[/tex].
As per question statement:
[tex]\dfrac{2}{3}x = \$ 2500[/tex]
The equation to model the problem is:
[tex]\dfrac{2}{3}x = \$ 2500[/tex]
Now, let us solve the above equation:
[tex]\Rightarrow 2x =3\times 2500\\\Rightarrow x = \dfrac{7500}{2}\\\Rightarrow x = \bold{\$ 3750}[/tex]
Total money saved in the savings account is $3750.
Out of the total money $2500 is saved for college education.
