Question

Last year, Ivanna opened an investment account with $5500. At the end of the year, the amount in the account had decreased by 28.8%. How much is this decrease in dollars? How much money was in her account at the end of last year?

Answer 1

$ 3916

Explanation:

Amount= $5500

%decrease= 28.8% or .288

Amount decreased= 5500 x .288; $1584.

End of last year= 5500 - 1584; 3916