Question

Write a real-world problem that could be represented by the following equation. 30 + 0.05x = 40 + 0.01x

Answer 1

30 + 0.05x = 40 + 0.01x

David's bank account has 30 dollars in it, and every month he deposits a nickel into his bank account. Troy's bank account has 40 dollars in it, and every month he deposits a penny into his bank account. How many months will it take for their bank accounts to have the same amount of money in them?

(x = months)