Three people each contributed x dollars toward the purchase of a car. They then bought the car for y dollars, an amount less than the total number of dollars contributed. If the excess amount is to be refunded to the three people in equal amounts, each person should receive a refund of how many dollars?
Total money contributed to purchase car = x+x+x = 3x
Total money spent to purchase car = y
Therefore Total Balance = 3x - y
Balance to be refunded equally = \(\frac{(3x- y)}{3}\) ........... Answer A.....
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