SOLUTION: Joe sold his house. After he paid his real estate agent 4.5% interest he was left with $114,600. What was the selling price of his house?

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Question 348495: Joe sold his house. After he paid his real estate agent 4.5% interest he was left with $114,600. What was the selling price of his house?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Joe sold his house. After he paid his real estate agent 4.5% interest he was left with $114,600. What was the selling price of his house?
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Let "x" be the selling price.
Equation:
x - 0.045x = 114,600
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0.955x = 114,600
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x = $120,000
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Cheers,
Stan H.
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