SOLUTION: Tom's savings account balance increased by $98.60 per month from January to May. His balance at the end of January was $1050.00 Find his account balance at the end of May (Rounded

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Tom's savings account balance increased by $98.60 per month from January to May. His balance at the end of January was $1050.00 Find his account balance at the end of May (Rounded       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 902903: Tom's savings account balance increased by $98.60 per month from January to May. His balance at the end of January was $1050.00 Find his account balance at the end of May (Rounded to the nearest dollar).
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
The total increase was:
+5%2A98.6+=+493+
+1050+%2B+493+=+1543+
$1,543 at end of May
( if I understand the problem )