Question

The amount of money in a bank account increased by 12.5% over one year. If theamount of money at the beginning of the year is represented by m, which expressionbelow represents the amount of money in the bank account after the increase?(A) m+ 12.5m (B) m +0.125m (C) 0.125m (D) 12.5m

Answer 1

Answer: m + 0.125m

Step-by-step explanation:

Given:

Initial amount of money = m

interest rate in decimal form = 12.5% = 12.5/100 = 0.125

To get the amount of money in the bank after the increase, we add the initial amount and the amount of interest earned. So,

m + 0.125m

Therefore, the expression that represents the amount of the money in the bank account after the increase is m + 0.125m.