Question

Last year, Shen opened an investment account with $6600 . At the end of the year, the amount in the account had increased by 7.5% . How much is this increase in dollars? How much money was in his account at the end of last year?

Answer 1

6,600 x 7.5% = $495

$495 + 6,600 = 7,095

$495 increase in dollars
$7,095 was in his account at the end of the last year

Hope this helps! =)