Subjects finance

Money Increase

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Money Increase


1. The problem states that the company has an initial amount of £30000 in a bank account. 2. The amount increases by 0.6%, which means the new amount is the original amount plus 0.6% of it. 3. To find the increased amount, we calculate the increase as $30000 \times \frac{0.6}{100} = 30000 \times 0.006 = 180$. 4. Adding this increase to the original amount gives the new total: $30000 + 180 = 30180$. So, the amount of money in the bank account now is £30180.