SOLUTION: Hello, Could you please help me solve the following equation: Y+(Y*.05)=1260 I have tried many different ways of solving but can't figure it out. Thanks!

Algebra ->  Expressions-with-variables -> SOLUTION: Hello, Could you please help me solve the following equation: Y+(Y*.05)=1260 I have tried many different ways of solving but can't figure it out. Thanks!      Log On


   

Question 674142: Hello, Could you please help me solve the following equation:
Y+(Y*.05)=1260
I have tried many different ways of solving but can't figure it out.
Thanks!
Answer by swincher4391(1107) About Me  (Show Source):
You can put this solution on YOUR website!
1Y + .05Y = 1260
(1+.05)Y = 1260
1.05Y = 1260
Y = 1260/1.05
Y = 1200