Question

Eloise is planning on retiring soon. When she first began working she invested $1500 in a retirement fund. The percent increase on her investment is 95%. How much does she have in the account now?

Answer 1

$2925 she would have left in her account :)

Answer 2

she has $2925 in her account now

Explanation:

Hello

I think I can help you with this

the amount that eloise currently has in her account is the sum of the initial amount + interest

Let

initial amount=$1500 = 100%

the amount that eloise currently has in her account is the sum of the initial amount + interest

100%+95%=195%

she has 195% of the initial value invested, you can find this value using a rule of three

if

$1500⇔100%

$x? ⇔195%

`(1500)/(100) =(x)/(195)\\ solve\ for\ x\\(195*1500)/(100)=x\\x=2925`

$2925

she has $2925 in her account now