Last year, Karen opened an investment account with 8600. At the end of the year, the amount in the account had increased by 22.5 %.

How much is this increase in dollars? How much money was in her account at the end of last year?

Question

Albert

25 May, 05:50

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Answers (1)

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Tori Houston · Answer 1

Increase in dollars: $1,935

Amount at end of year: $10,535

Equation: 8600 (1.225)

Last year, Karen opened an investment account with 8600. At the end of the year, the amount in the account had increased by 22.5 %.How much is this increase in dollars? How much money was in her account at the end of last year?