Question

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Last year, Justin opened an investment account with $7400. At the end of the year, the amount in the account had decreased by 7.5% How much is this
decrease in dollars? How much money was in his account at the end of last year?

Answer 1

Decrease in dollars is $555.00, $6845.00 was in his account at the end of last year.

Explanation:

7400 times 7.5/100

=74 times 7.5

=$555.00

7400-555=$6845.00