Question

Roger had $40 in his savings account in January. He continued to add money to his account and by June, the value of the savings account had increased by 50%. How much money is in Roger's account in June?

Answer 1

To calculate the amount of money in Roger's account in June, we need to add the increase of 50% to the initial amount of $40.

Increase = 50% of $40 = 0.5 * $40 = $20

To find the total amount in Roger's account in June, we add the initial amount of $40 to the increase of $20:

Total amount in Roger's account in June = $40 + $20 = $60

Therefore, Roger has $60 in his savings account in June.