last year, debra opened an investment account with $7600. At the end of the year, the amount in the account had increased by 29.
1 answer:
There are $9842 in her account at the end of last year.
Step-by-step explanation:
Given,
Amount in account = $7600
Increment by the end of year = 29.5%
Amount of increase = 29.5% of amount in account
Amount of increase =
Amount of increase = 0.295*7600 = $2242
The increase is $2242.
Amount after increase = 7600 + 2242 = $9842
There are $9842 in her account at the end of last year.
Keywords: percentage, division
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Answer:
(a). $20,000
(b). The estimate will be lower than the actual amount.
Step-by-step explanation:
We have been given that Michael saves $423 dollars a month for college.
(a). We know that 1 year equals 12 months.
4 years = 4*12 months = 48 months.
Since we are asked to find the estimated amount of money Michael will save in 4 years, so we will estimate both quantities as:
Therefore, Michael will save approximately $20,000 in 4 years.
(b).
The estimate will be lower than the actual amount as we rounded $423 down $23 to nearest hundred that is $400 and rounded 48 up 2 to nearest ten that is 40.
Therefore, the estimate will be lower than the actual amount.