Question

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?

Answer 1

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