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) About Me  (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?
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Let last year's worth be "x":
Equation:
x + 0.05x = 2100
----
1.05x = 2100
----
x = 2100/1.05
----
x = $2000.00
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Cheers,
Stan H.
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