SOLUTION: higher grain prices caused the value of Indiana cropland to rise 14 % from 1995 to 1996.An acre of farmland was sold for $3078 in 1996. How much would it have been worth in 1995 ?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: higher grain prices caused the value of Indiana cropland to rise 14 % from 1995 to 1996.An acre of farmland was sold for $3078 in 1996. How much would it have been worth in 1995 ?      Log On


   

Question 1153360: higher grain prices caused the value of Indiana cropland to rise 14 % from 1995 to 1996.An acre of farmland was sold for $3078 in 1996. How much would it have been worth in 1995 ?
Answer by ikleyn(52914) About Me  (Show Source):
You can put this solution on YOUR website!
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x + 0.14x = 3078

1.14x     = 3078

    x     = 3078/1.14 = 2700.    ANSWER

Solved.