Last year, Justin opened an investment account with $5400. At the end of the year, the amount in the account had increased by 6.
5%. How much is this increase in dollars? How much money was in his account at the end of last year?
1 answer:
Increase in amount is and money in his account at the end of last year is .
<u>Solution:
</u>
Given that
Last year, Justin opened an investment account with .
At the end of the year, the amount in the account had increased by .
Need to calculate amount increased in account and total amount of money at the end of the year. Invested Amount at the starting of the year AI = 5400
Increase in amount is
Amount increased = of Invested Amount at the starting of the year
Total amount in the end of the year = Invested Amount at the starting of the year + Amount increased = 5400 + 351 = 5751
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