KewlKatCutie
Answered

Welcome to Westonci.ca, where you can find answers to all your questions from a community of experienced professionals. Join our platform to connect with experts ready to provide precise answers to your questions in various areas. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

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?

Sagot :

taskmasters
Liam’s saving = x + $140
Charlie’s saving = x + 5%
In order to get the value of x, let’s find the amount which 5% is equals to 140
=> 2800
=> 5% = 0.05
=> 2800 x 0.05
=> 140
=> 2800 (amount that Liam and Charlie have in their account before they added)
Thus, Liam and Charlie both have $2800 on their account .
=> Liams = 2800 + 140 = 2940
=> Charlir = 2800 + 5% (140) = 2940.



calculista

Let

x-------> amount of money in their savings accounts in May

we know that

In June, Liam deposited $[tex] 140 [/tex] into his account

so

Balance Liam’s saving in June is equal to

[tex] x+140 [/tex] ------> equation [tex] 1 [/tex]

In June, Charlie increased the money in his account by[tex] 5 [/tex]%

Balance Charlie’s saving in June is equal to

[tex] x+0.05x [/tex] ------> equation [tex] 2 [/tex]

Equate equation [tex] 1 [/tex] and equation [tex] 2 [/tex]

[tex] x+140=x+0.05x\\ x+140=1.05x\\ 1.05x-x=140\\ 0.05x=140\\ x=140/0.05\\ x=2,800 [/tex]$

therefore

the answer is

$[tex] 2,800 [/tex]

Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.