Last year, Manual opened an investment account with $5400. At the end of the year, the amount in the account had increased by 28

Question

dexar [7]

3 years ago

9

Last year, Manual opened an investment account with $5400. At the end of the year, the amount in the account had increased by 28

.5%. How much is this increase in dollars? How much money was in his account at the end of last year?

Mathematics

1 answer:

trapecia [35] · Answer 1 · 2022-03-23T05:45:03+03:00

See below hope it helps

Answer:

Increase in dollars = $1,539

Balance in the account at the end of the year = $6,939

Step by step explanation:

5400*.285=$1539

So increase in dollars is $1,539

That is the money growth. Now add to initial balance to find the account total after the end of the year

5400+1539=$6,939

Money in the account at the end of the year $6,939