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John and Mike had equal amount of money in savings at the beginning of last year. Then Mike’s savings increased by

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by AAPL » Fri Jul 24, 2026 3:41 pm

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John and Mike had equal amount of money in savings at the beginning of last year. Then Mike’s savings increased by \(20\%\) by the end of last year and decreased by \(20\%\) this year. John’s savings at first decreased by \(20\%\) by the end of last year and then increased by \(20\%\) this year. What percentage of John’s and Mike’s savings combined are John’s savings alone?

A. \(25\%\)
B. \(40\%\)
C. \(50\%\)
D. \(75\%\)
E. \(96\%\)

OA C
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