Question

Last year, Ravi opened an investment account with $5400 . At the end of the year, the amount in the account had decreased by 24.5% . How much is this decrease in dollars? How much money was in his account at the end of last year?

Answer 1

1-(24.5/100)=0.755 which will be our multiplier
5400 x 0.755 = $4077 left in his account
5400-4077=$1323 decrease