In 2020 a city's budget is projected to be $24 million. This is approximately 12/7 of the 2000 budget. What was the city's budget in 2000?
please show all work
7/12 * 24M
14
To find the city's budget in 2000, we can set up a proportion using the given information.
Let's assume that the city's budget in 2000 was "x" million dollars.
We know that in 2020, the budget is projected to be $24 million, which is approximately 12/7 of the 2000 budget.
So we can create the proportion:
12/7 = $24 million / x million
To solve for "x," we cross-multiply:
12x = 7 * 24
12x = 168
To isolate "x," we divide both sides by 12:
x = 168 / 12
x = 14
Therefore, the city's budget in 2000 was $14 million.