Answer:
My total savings was = $58.33
Step-by-step explanation:
Given:
12% of my savings was = $7.00
To find my total savings.
Solution:
Let the total savings in dollars be = [tex]x[/tex]
12% of the total savings will be = [tex]12\%\ of\ x[/tex]
12% of my savings was = $7.00
So, we have:
[tex]12\%\ of\ x=7[/tex]
[tex]0.12x=7[/tex]
Solving for [tex]x[/tex] to get my total savings.
Dividing both sides by 0.12
[tex]\frac{0.12x}{0.12}=\frac{7}{0.12}[/tex]
∴ [tex]x=58.33[/tex]
Thus, my total savings was = $58.33
