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

x * 5 / 100 = 140

x / 20 = 140

x = 20 * 140

x = 2800

so they had $2800 in their accounts in the month of may

pls mark me brainliest

if you find my answer correct

and also this is the first question I am answering today

Answer 2

$\huge\mathcal\colorbox{Orange}{{\color{b}{✿AñsWēR♡}}}$

Let's call the original balance "a"

("a" for amount in the account). Then, since Liam's new balance is $140 more, his new balance is

a+140

Also, since Charlie increased his total by 5%, his new balance is

( 1+0.05) a = 1.05a

note that the parenthesis 100% the starting amount plus 5% of it). Since these are also equal, the amount of money they each had in their accounts in May was

A + 140 = 1.05a

0.05a= 140 A

A= $ 2,800

Hence, They have 2,800 dollars in their account.

Learn More:-

Problem-Solving Strategy :-

Read the word problem. Make sure you understand all the words and ideas. ... Identify what you are looking for.Name what you are looking for. ... Translate into an equation. ... Solve the equation using good algebra techniques.Check the answer in the problem. ... Answer the question with a complete sentence.

Hope this helps you!