In October, Greg and Thomas had the same amount of money in their savings accounts. In November, Greg deposited $120 into his account. Thomas increased the money in his account by 20%. When they compared their balances, they found that they were still equal.
How much money did each person have in his account in October?
Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga.
Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus.
Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
Not the answer you are looking for? Search for more explanations.
If Greg deposited $120 into his account and Thomas increased his money by 20% and they still got the same amount in November, it means that $120 is 20% of their money in October.
120 = 20% * x (where x is the money in October)
120 = 20/100x
120 = 2/10x
120 = 1/5x / * 5 (both sides)
x = 600
So each of them had $600 in October.
Greg's money = 600 + 120 = 720
Thomas' money = 600 + 20% * 600 = 600 + 120 = 720