kevin invested money in a savings acct at a rate of 5% simple interest.?

[Kat]

after one year, he has $4326.00 in the acct. how much did kevin originally invest. nearest penny

 

[nozarnazari]

Investment[(1+0.05) x 1]=$4326.00
Investment=4326/1.05=$4120.00
God bless you.

 

[Tensai]

4326-x = x*0.05*1
4326 = 0.05x + x
4326 = 1.05x
x= 4120

 

[JunAgruda]

Investment of Kevin—x:
0.05x = $4,326.00 - x
1.05x = $4,326.00
x = $4,120.00

Answer: $4,120.00 was the amount Kevin originally invested.