SOLUTION: Profit Jalisha invested some money and made an 8% profit. The current value of her investment is \$1,308. How much did she invest initially? Can you help me with this problem.

Algebra ->  Algebra  -> Percentage-and-ratio-word-problems -> SOLUTION: Profit Jalisha invested some money and made an 8% profit. The current value of her investment is \$1,308. How much did she invest initially? Can you help me with this problem.       Log On

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 Click here to see ALL problems on Percentage-and-ratio-word-problems Question 119058This question is from textbook Prentice Hall Pre-Algebra California Edition : Profit Jalisha invested some money and made an 8% profit. The current value of her investment is \$1,308. How much did she invest initially? Can you help me with this problem. The equation that I came up with is: m x 82% = \$1,308 m x 82/100 = 1,308/1 82m = 130,800 m = \$1,595.12 Please help This question is from textbook Prentice Hall Pre-Algebra California Edition Answer by stanbon(57352)   (Show Source): You can put this solution on YOUR website!Profit Jalisha invested some money and made an 8% profit. The current value of her investment is \$1,308. How much did she invest initially? --------------------- Let the initial investment be "x" dollars. -------- EQUATION: x + 0.08x = 1308 1.08x = 1308 x = \$1,211.11 ============ Cheers, Stan H.