SOLUTION: Please help. Sharon invested money in a savings account at a rate of 6% simple interest. After one year she has $6996 in the account. How much did Sharon originally invest? T

You can put this solution on YOUR website!
Let x = the amount originally invested. After one year, Sharon will have $x (the original amount) plus 6% of $x (the interest earned on the original amount in one year) and this will equal $6996.00: Change the 6% to its decimal eqivalent.(6% = 0.06) and write the equation.
Combine the x-terms.
Divide both sides of the equation by 1.06

Sharon originally invested $6600.00