SOLUTION: Marc's retirement fund is worth 5% more now than last year.  If his retirement fund is now worth 2100 dollars, how much was it worth last year?

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 Question 564638: Marc's retirement fund is worth 5% more now than last year.  If his retirement fund is now worth 2100 dollars, how much was it worth last year?  Answer by stanbon(57967)   (Show Source): You can put this solution on YOUR website!Marc's retirement fund is worth 5% more now than last year. If his retirement fund is now worth 2100 dollars, how much was it worth last year? ------- Let last year's worth be "x": Equation: x + 0.05x = 2100 ---- 1.05x = 2100 ---- x = 2100/1.05 ---- x = \$2000.00 =================== Cheers, Stan H. ===================