Andre W. answered 11/16/13
Tutor
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PhD in Physics with 20+ Years of College Teaching Experience
Apply Newton's 2nd law to each mass:
For the 3.0-kg mass, which moves up,
3a=T-3g, where T is the tension in the cord.
For the 5.0-kg mass, which moves down,
-5a=T-5g.
Eliminate T and get
-5a=(3a+3g)-5g=3a-2g
2g=8a
a=g/4=9.8/4=2.45 m/s².