Question

In October , Greg ans 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 November ?

Answer 1

Plz Help!!

Answer 2

I will fan!!

Answer 3

Also I will give a madal!

Answer 4

So they both had the same unspecified amount of money in their accounts in October. Let's call that money $x. Then, Greg deposited $120 and Tom deposited 20% of the initial money, or 0.2x. Since the money is still the same, we know that 0.2x = 120. Then we divide both sides by 0.2, which tells us that x = $600. They initially had $600. And since we know that in November, Greg deposited $120, that gives him an account balance of $720, which is the same as Tom's. Make sense?

Answer 5

Yes it does thank you!!

Answer 6

You're welcome. :)

Answer 7

Your are the best!!

Answer 8

Aww, I don't think so, just relatively good at lower-level algebra... *dies of precalculus*