Question

Charlie wants to increase the savings account by 45% if Charlie has $200 in his account how much will he have after he increases his savings by 45%

Answer 1

In this case, we'll have to carry out several steps to find the solution.

Step 01:

Data

initial savings = $200

increase = 45% = 0.45

final savings account = ?

Step 02:

final savings account = savings + savings * 0.45

= $200 + $200*0.45

= $290

The answer is:

The final savings amount is $290.