SOLUTION: Kevin invested money in a saving account at a rate of 5% simple interest. After one year he has 4032.00 in the account. How much did kevin originally interst?

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Question 446330: Kevin invested money in a saving account at a rate of 5% simple interest. After one year he has 4032.00 in the account. How much did kevin originally interst?
Found 2 solutions by josmiceli, rfer:
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let x = original amount of investment
given:
+x+%2B+.05x+=+4032+
+1.05x+=+4032+
+x+=+3840+
The original investment was $3,840

Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
4032/1.05=$3840.00