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Translate the following verbal statement into an algebraic equation and then solve:

Haley's rent increased by 4%. The increase was $49.2. What was the original amount of Haley's rent?

Use `r` for your variable.

Equation `\ \ `

`r=\ `

Box 1: Enter your answer as an equation. Example: y=3x^2+1, 2+x+y=3

Be sure your variables match those in the question

`r*0.04 = 49.2`

Box 2: Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)

Enter DNE for Does Not Exist, oo for Infinity

1230