Question

The amount of money in a bank account increased by 17.5 % 17.5% over one year. If the amount of money at the beginning of the year is represented by A A, which expression below represents the amount of money in the bank account after the increase?

Answer 1

Answer: 1.175A

Explanation:

From the information given in the question, we are told that the amount of money that is in a bank account increased by 17.5% while the money at the beginning of the year is represented by A.

The expression that represents the amount of money in the bank account after the increase will be:

= A + (17.5% × A)

= A + (17.5/100 × A)

= A + (0.175 × A)

= A + 0.175A

= 1.175A