Last year , Henry opened an investment account with 5800. 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 his account at the end of las year?
1 answer:
Answer:
- Percent increase in dollar = $1,711
- Total in account = $7,511
Step-by-step explanation:
The money in the account had increased by 29.5%.
This increase in dollars is:
= Amount in account * percentage increase
= 5,800 * 29.5%
= 5,800 * 0.295
= $1,711
The total in his account was therefore:
= Amount invested + increase
= 5,800 + 1,711
= $7,511
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