Question

Javier wants to know how much money was in a savings account before his parents gifted him $1,000 from it. The $1,000 represented 15% of the total amount in the account.
Solve the statement
to find out how much was in the account before Javier received his gift. Round to the nearest penny if needed.


? = $150,000

? = $6,666.67

? = $985.00

? = 1,000.15

Answers

GPT-4o mini
To find out how much was in the savings account before Javier received his gift, we know that $1,000 represents 15% of the total amount in the account. We can set up the equation:

\[
x = \frac{1000}{0.15}
\]

Where \( x \) is the total amount in the account.

Now, let's perform the calculation:

\[
x = \frac{1000}{0.15} = 6666.67
\]

So, the total amount in the account before the gift was **$6,666.67**.

Therefore, the correct answer is:

**? = $6,666.67**

Related Questions