SOLUTION: A project on Kickstarter for an iPad stylus raised 1,205% of their goal, raising a total of $310,406 from 7,484 supporters. What was their original goal?

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Question 936427: A project on Kickstarter for an iPad stylus raised 1,205% of their goal, raising a total of $310,406 from 7,484 supporters. What was their original goal?
Found 2 solutions by ptfile, TimothyLamb:
Answer by ptfile(81) About Me  (Show Source):
You can put this solution on YOUR website!
Let r = rate
PV = Present Value
FV = Future Value
PV+=+FV%2Fr
PV+=+310406%2F12.05
PV+=+310406%2F12.05
PV+=+25759.83
Their initial goal was to raised the project at $25759.83.

Answer by TimothyLamb(4379) About Me  (Show Source):
You can put this solution on YOUR website!
x = original goal
(1205/100)x = 310406
x = 310406*(100/1205)
x = 25759.8340249
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x = original goal = $25,759.83
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