SOLUTION: 87.Money is invested in a savings account at 12% simple interest.After one year there is $1,680 in the account.How much was originally invested?

Algebra ->  Algebra  -> Finance -> SOLUTION: 87.Money is invested in a savings account at 12% simple interest.After one year there is $1,680 in the account.How much was originally invested?      Log On

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Question 122857This question is from textbook Algebra 1
: 87.Money is invested in a savings account at 12% simple interest.After one year there is $1,680 in the account.How much was originally invested?This question is from textbook Algebra 1

Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
.12x=1,680 divide both sides by .12
.12x/.12=1,680/.12
x=1,680/.12
x=$14,000 answer for the amount in the savings account.