We prove the inverse closedness of certain
approximation algebras based on a quasi-Banach algebra X
using two general theorems on the inverse closedness of subspaces of
quasi-Banach algebras. In the first theorem commutative algebras are considered while the
second theorem can be applied to arbitrary X and to subspaces of X which can be
obtained by a general K-method of interpolation between X and an inversely closed
subspace Y of X having certain properties. As application we present some inversely
closed subalgebras of C(T) and C[-1,1].
In particular, we generalize Wiener's theorem, i.e., we show that
for many subalgebras S of l^1(Z), the property {c_k(f)}\in S (c_k(f) being
the Fourier coefficients of f) implies the same property for 1/f if f\in C(T)
vanishes nowhere on T.