Question

Last year, Kaitlin opened an investment account with $8600. At the end of the year, the amount in the account had decreased by 28%. (a) Fill in the blank to write the year-end amount in terms of the original amount. Write your answer as a decimal. Year-end amount = 1 x Original amount​

Answer 1

Answer:

Kaitlin's account will have 72% of the money initially invested, that is, about $ 6,192.

Step-by-step explanation:

Given that last year Kaitlin opened an investment account with $ 8,600, and at the end of the year, the amount in the account had decreased by 28%, to determine the year-end amount in terms of the original amount both in whole numbers and in decimals, the following calculation must be performed:

100 - 28 = 72

8,600 x 0.72 = X

6.192 = X

Thus, Kaitlin's account will have 72% of the money initially invested, that is, about $ 6,192.