Question

The amount of money in a savings account increases from $250 to $270 in one month. If the percent increase is the same for every month,
how much money will be in the account at the end of the next month?

A. $291.60
B. $295
C. $289.60
D. $300

Answer 1

Answer:

$291.60

Step-by-step explanation:

First figure out the percentage increase

270 - 250 = 20. This was the increase

Percentage increase = 20 / 250 x 100

= 8%

8% = 0.08

Money next month = 270 x 1.08 = $291.60