SOLUTION: In October Greg and Tom had the same amount in their bank accounts. In November Greg Deposited $120 in his account and Tom increased his account by 20%. When they compared balanc

SOLUTION: In October Greg and Tom had the same amount in their bank accounts. In November Greg Deposited $120 in his account and Tom increased his account by 20%. When they compared balanc

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Question 1057945: In October Greg and Tom had the same amount in their bank accounts. In November Greg Deposited $120 in his account and Tom increased his account by 20%. When they compared balances they were still equal. How much money did each have in his account in October?
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
x+120 = x+0.20x
x+120 = 1.20x
120 = 0.20x
x = 600
-----------------
Check:
600+120 = 720
600+(600*0.20) = 720 Correct
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