Question

Anne has $5000 in her savings account and decides to leave there for three years. After one year the account increases by 10%, the following year it decreases by 5% and in the third year it increase by 15%. How much is in the account after three years?

Answer 1

$6000

increases by 10% but you then take away 5% fron the 10 as it decreases by 5. meaning you have incresed by 5% and adding the 15% equals 20%. so the account increases by 20%. 20% of 5000 equals 1000. add the two together and you get 6000. so the account total now is $6000