Due to a slump in the​ economy, a mutual fund has dropped by​ 30% from last year to this year. If the fund is now worth ​$10 comma 780​, how much was the fund worth last​ year?

Question

im horrible at word problems honestly need as much help i can get

Answer 1

100% - 30% = 70% = 0.7

It is now worth 70% of what it once was.

0.7 X = 10780

7x = 107800

x = 15400