SOLUTION: If Loius's savings were increased by 4 times his savings, the result would be $25,000. how much has he saved?

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Question 13223: If Loius's savings were increased by 4 times his savings, the result would be $25,000. how much has he saved?
Answer by rapaljer(4671) About Me  (Show Source):
You can put this solution on YOUR website!
Let x= amount of his savings

There may be two ways to interpret this: Were his saving increased BY 4 times his savings? I think that must mean that he ADDS 4x to his present savings of x.

The equation is
x + 4x = 25000
5x = 25000
x= $5000

Check: If his savings of $5000 are INCREASED BY 4 times this amount (which by the way is $20,000), then the result is $25,000. I'm almost sure this is the way the problem is intended to be interpreted.

R^2 at SCC