SOLUTION: After interest had been added at 8%, the young boy had £162 in his bank account. How much did he have to start with?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: After interest had been added at 8%, the young boy had £162 in his bank account. How much did he have to start with?      Log On


   

Question 847530: After interest had been added at 8%, the young boy had £162 in his bank account. How much did he have to start with?
Answer by swincher4391(1107) About Me  (Show Source):
You can put this solution on YOUR website!
x*(1.08) = 162
x = 162/1.08 = 150