SOLUTION: I have a word problem that I have to write as a equation and solve but, I'm not sure how. Amy has a savings account. After 5% interest is added to her previous balance she has $12

Question 1043661: I have a word problem that I have to write as a equation and solve but, I'm not sure how.
Amy has a savings account. After 5% interest is added to her previous balance she has $126. What was here previous balance before the interest?
Found 2 solutions by josgarithmetic, advanced_Learner:
Answer by josgarithmetic(39627) (Show Source): You can put this solution on YOUR website!
She has some quantity, p, initially in her savings account.

Interest Added,

New Balance After the Added Interest, 126 dollars

Principle quantity plus interest added is the new balance in the account.

Answer by advanced_Learner(501) (Show Source): You can put this solution on YOUR website!
LET be the principal
interest added is

=126
solving for p
=126
=126
=126

Check
=126 is indeed true

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