Question

last year, debra opened an investment account with $7600. At the end of the year, the amount in the account had increased by 29.5%. How much is this increase in dollars? How much money was in her account at the end of last year?

Answer 1

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 = $\frac{29.5}{100}*7600$

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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