bbb911
  • bbb911
Sharon invested money in a savings account at a rate of 6% simple interest. After 1 year, she has $6,996 in the account. How much did Sharon originally invest?
Mathematics
  • Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
SOLVED
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
schrodinger
  • schrodinger
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
Nurali
  • Nurali
Let x = the amount originally invested. After one year, Sharon will have $x (the original amount) plus 6% of $x (the interest earned on the original amount in one year) and this will equal $6996.00: Change the 6% to its decimal eqivalent.(6% = 0.06) and write the equation. x+0.06x=6996 Combine the x-terms. 1.06x=6996 Divide both sides of the equation by 1.06 Sharon originally invested $6600.00
bbb911
  • bbb911
sorry bout that, and this is the method used right? so you just add both x's together?
Nurali
  • Nurali
yes

Looking for something else?

Not the answer you are looking for? Search for more explanations.

More answers

bbb911
  • bbb911
i know you solved it but ima try it myself so i know what i am doing thank you so much ;)
Nurali
  • Nurali
My Pleasure.

Looking for something else?

Not the answer you are looking for? Search for more explanations.