JoeNah, Dekobian and Evan wrote equations to calculate the amount of
money in a savings account after one year with 5% interest paid annually on
an investment of M dollars. Let B represent the balance of money saved.
JoeNah's Equation: B = 1.5M
Dekobian's Equation: B = M+ 0.05M
Evan's Equation: B = M(1+0.05)
The three students decided to see if their equations would give the same
answer by using a $100 balance. Find the total amount of money in the
savings account using each student's equation. Show your work.