Question

please help!!! WILL MEDAL FOR ANSWER!!! 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 they both have in their accounts in October?

Answer 1

will medal!!!

Answer 2

please??

Answer 3

Set up two equations
x= initial amount
y = total amount in november

Greg deposited 120 into account (after initial)
y = x + 20

Thomas increased by 20%.
y = x + (20%)x

You can combine these equations into this
x + 20 = x + 0.2x
(since 20% = 0.2)

Does that help?

Answer 4

@danburns123
Does the help you?

Answer 5

yes

Answer 6

:)

Answer 7

thanks!

Answer 8

anytime :)