document.write( "Question 596393: Kris makes an investment at 5.8% simple interest. At the end of one year, the total value of the investment is 2909.50. How much was originally invested. \n" ); document.write( "
Algebra.Com's Answer #377724 by jim_thompson5910(35256)\"\" \"About 
You can put this solution on YOUR website!
\"A=P%2BPrt\" Start with the simple interest formula.\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\"2909.50=P%2BP%2A0.058%2A1\" Plug in \"A=2909.50\", \"r=0.058\" (the decimal equivalent of 5.8%), and \"t=1\".\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\"2909.50=P%281%2B0.058%2A1%29\" Factor out the GCF \"P\" from the right side.\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\"2909.50=P%281%2B0.058%29\" Multiply 0.058 and 1 to get 0.058.\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\"2909.50=P%281.058%29\" Add 1 to 0.058 to get 1.058.\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\"2909.50%2F%281.058%29=P\" Divide both sides by 1.058 to isolate \"P\".\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\"P=2909.50%2F%281.058%29\" Rearrange the equation.\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\"P=2750\" Divide.\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "So $2750 was originally invested.
\n" ); document.write( "
\n" );