Question

last year, ahmad opened an investment account with $6500. at the end of the year, the amount in the account had increased by 22.8%. how much is this increase in dollars? how much money was in his account at the end of last year?​

Answer 1

By the end of last year, there was a 6500(22.8/100)= 1482 increase in dollars.

There was 7982 dollars at the end of last year.

Answer 2

$1,430, $7,930

Explanation:

Start: $6,500

End: $6,500 + 0.228($6,500) = 1.22($6,500) = $7,930

The increase is $7,930 - $6,500 = $1,430

and at the end of the year Ahmad would have $7,930 in his account.