SOLUTION: I would like to know the beginning amount if 2% of the beginning amount equals $500.00. Thanks!

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Question 633927: I would like to know the beginning amount if 2% of the beginning amount equals $500.00.
Thanks!
Answer by nerdybill(7384) About Me  (Show Source):
You can put this solution on YOUR website!
I would like to know the beginning amount if 2% of the beginning amount equals $500.00.
.
Let x = "the beginning amount"
then
.02x = 500
x = 500/.02
x = $25,000