SOLUTION: Heather invested in a savers bank account. Each year the money in the account earns 10% interest. After one year, the total amount of money in the account was $2200 How much di

Question 1153726: Heather invested in a savers bank account.
Each year the money in the account earns 10% interest.
After one year, the total amount of money in the account was $2200
How much did Heather invest?
Answer by ikleyn(52799) (Show Source): You can put this solution on YOUR website!
.


Let x be the amount he invested (the value under the question).


Then, according to the condition,


    x + 0.1x = 2200,   or


    x*(1 + 0.1) = 2200,

    1.1x        = 2200

       x        =  = 2000.


Answer.  Heather invested $2000.

Solved.

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