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

\[\frac{ 5 }{ 100 }x = 140\]

Answer 2

x + 140 = 1.05x