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Last year, Goran opened an investment account with $5200 at the end of the year, the amount in the account had decreased by 24.5% how much is this decrease dollars? How much money was in his account at the end of last year?

User Altug
by
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1 Answer

3 votes

Answer:

There is a decrease of $1274 and Amount in account after decrease is $3926

Explanation:

Principal = $5200

the amount in the account had decreased by 24.5%

So, decrease in amount =
24.5\% * 5200

=
(24.5)/(100) * 5200

=
1274

So, there is a decrease of $1274

Amount in account after decrease = 5200 - 1274 = $3926

Hence there is a decrease of $1274 and Amount in account after decrease is $3926

User Piotr Findeisen
by
8.3k points
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