Question

Last year, Jane opened an investment account with $8200. At the end of the year, the amount in the account had increased by 23.5%. How much is this increase in dollars? How much money was in her account at the end of last year?

Answer 1

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Answer 2

Answer:

23.5% of $8200=23.5/100 ×8200

=$1927

Hence, the increase in dollars is $1927

The total amount of money in her account at the end of last year=8200+1927

=$10,127