Question

Darien's IRA has fallen 12.6% since the begining of the year to $142,500.49.What was the value of her IRA at the begining of the year??

Answer 1

A QUICK PRIMER ON PERCENTS:

15% = 0.15
12.6% = 0.126
100% = 1.00
268% = 2.86

Let's assume her the value of the bank (Before it fell) was V.

That means V - (0.126)*V = 142,500.49

Can you solve for V now?

Answer 2

so multiply .126 *142,500.49