Answer:
a) 1316 dollars
b) 6916 dollars
Step-by-step explanation:
Last year, Goran opened an investment account with 5600. At the end of the year, the amount in the account had increased by 23.5% .
a) How much is this increase in dollars?
The increase on dollars is calculated as:
5600 × 23.5%
= 1316 dollars
b) How much money was in his account at the end of last year ?
The amount of money in his account at the end of last year is calculated as:
Increase + Initial amount invested
=( 1316 + 5600) dollars
= 6916 dollars
