Bunuel wrote:
In 2004, Cindy had $4000 in a mutual fund account. In 2005, the amount in the same account was $5000. If the percent increase from 2004 to 2005 was the same as the percent increase from 2005 to 2006, how much did Cindy have in this account in 2006?
A. $5800
B. $6000
C. $6250
D. $7500
E. $9000
The initial percent increase was (5000 - 4000)/4000 x 100 = 25%.
Thus, the amount of money Cindy had in 2006 was 5000 x 1.25 = $6,250.
Answer: C
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