Solution:
Step I : Underline the Key words
James have some money in his wallet, but he does not know the exact amount of money he has. When Alice asks him, how much money he has, he says ''I have \(70 \$\) give or take 15$''. What is the least amount of money James can have ?
Step II : Recognize the variable
Let James have $ m in his wallet.
Step III : Form the equation
Look at the sentence : ''I have 70$ give or take 15$''
⇒ 70 is the critical point
Also, the value of m will be at a distance of 15 from the critical point. Thus, we have
|m−70|=15,
m−70=15 or m−70=−15
⇒ m = 85 or m = 55
Therefore, the minimum amount of money James can have is 55$