Question

Ast year, Saleh opened an investment account with $8600. At the end of the year, the amount in the account had decreased by 23.5%. How much is this decrease in dollars? How much money was in his account at the end of last year?

Answer 1

Given:

Initial amount = $8600

The amount in the account had decreased by 23.5%.

To find:

Decrease in amount and amount at the end of last year.

Solution:

The amount in the account had decreased by 23.5%. So,

Decreased amount = 23.5% of 8600

$=\dfrac{23.5}{100}\times 8600$

$=23.5\times 86$

$=2021$

Now, the amount at the end of the last year is

Amount = Initial value - Decreased value

$Amount=8600-2021$

$Amount=6579$

Therefore, the decreased value is $2021 and the amount at the end of last year is $6579.