Question: Reese had a sum of money in her savings account. The company she used to work with was not doing well which is why she lost her job. So she spent 20% of her savings for her expenses in February, 40% of it in March, and $1500 in April. How much did she have in her savings account if she still has $2900 after spending those amounts? Think carefully first, then make a decision:
The total percentage of money that Reese spent in February and March is 20% + 40% = 60%. This means the April expenses and the money left in her account make up 100% - 60% = 40% of her savings. Reese had $2900 + $1500 = $4400 for the April expenses and the money left in her account. So, $4400 is equal to 40% which means every 1% is equal to $4400 / 40 = $110. Therefore, Reese originally had $110 x 100 = $11000 in her savings account. So the answer is 11000.