Question

Last year, Amy opened an investment account with $6800. 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

Answer:

-The increase in dollars is $1598

-The amount in her account at the end of last year was $8398.

Step-by-step explanation:

To find the increase, you have to multiply the initial amount for the percentage increase:

6800*23.5%=1598

Now, to find the amount in her account at the end of last year, you have to add the initial amount plus the increase in dollars:

6800+1598=8398

According to this, the amount in her account at the end of last year was $8398.