# Question 68d2d

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: 1.2x=$83,500
where x is the original amount in the account.

Divide both sides by 1.2 to get:

x=$69,583.33# 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% = $\frac{83 , 500}{120}$100% = 100 x $\frac{83 , 500}{120}$=$69,583.34

Answer rounded to nearest $\frac{1}{100}$ of a dollar.