# Question #68d2d

##### 2 Answers

Aug 31, 2017

$69,583.33

#### Explanation:

If the account increased by 20%, that's the same as multiplying the amount by 1.2. So the equation you have here is:

where x is the original amount in the account.

Divide both sides by 1.2 to get:

Aug 31, 2017

$69,583.34

#### Explanation:

Let the original amount = 100%. Then an increase of 20% means

$83,500 represents 120%.

So: 120% = 83,500

1% =

100% = 100 x

Answer rounded to nearest