Question

Last year, Isabel opened an investment account with 6600 . At the end of the year, the amount in the account had decreased by 24.5%. How much is this decrease in dollars? How much money was in her account at the end of last year?

Answer 1

Answer:

a. $1,617

b. $4,983

Step-by-step explanation:

a. The account suffered a decrease of 24.5% of the original sum of $6,600.

This amount in cash is:

= 24.5% * 6,600

= $1,617

b. If the account reduced by $1,617, the balance left is:

= 6,600 - 1,617

= $4,983