SOLUTION: Hey, I have been trying to figure out this problem, but i'm Stumped. Jalisha invested some money and made an 8% profit. The current value of her investment is $1,296. How much d

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Question 29707: Hey, I have been trying to figure out this problem, but i'm Stumped.
Jalisha invested some money and made an 8% profit. The current value of her investment is $1,296. How much did she invest initially?
Answer by askmemath(368) About Me  (Show Source):
You can put this solution on YOUR website!
Let Jalisha invest a $100
8% profit implies $8
Total amount = 108
So a $100 investment gives $108
How much of an investment will give 1296??
%28100x1296%29%2F108+=+1200
So Jalisha's initial investment = $1200