Question

In May, Liam and Charlie had the same amount of money in their savings accounts. In June, Liam deposited $140 into his account. Charlie said he increased the money in his account by 5%. When they compared their balances, they found that they were still equal.

How much money did they both have in their accounts in May?

Answer 1

say the starting money is "x'

Answer 2

Sorry @ganeshie8 my laptop froze on the last question but thx(:

Answer 3

Notice that 5% of x equals 140

Answer 4

can you setup an equation and solve x ?

Answer 5

whats the expression for "5% of x" ?

Answer 6

Sure but can help if wrong cuz I'm still not understanding it

Answer 7

Okay so would it be 5x*140?

Answer 8

5% of x

translates to

5/100 * x

Answer 9

And would equal to 0. so it would be x=0

Answer 10

@ganeshie8 ???

Answer 11

set that equal to 140 because 5% of x equals 140

Answer 12

5/100 * x = 140

solve x

Answer 13

5x = 14000

x = ?

Answer 14

2800?

Answer 15

Correct!

Answer 16

Thx I got 100%