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?

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?

anonymous · Answer

2800 i just did the test

texaschic101 · Answer

x + 140 = x + .05x
x + 140 = 1.05x
140 = .05x
140/.05 = x
2800 = x
yep...that is correct