Question

Darren has $22,604 in an investment account. He paid $423 for customer service fees before losing 2/5 of the remaining balance in bad investments. How much did Darren have in his investment account after paying service fees and after losing money on a bad investment.

Answer 1

Given data:

The initial ammount is A=$22,604.

The amount Darren paid to the customer service is s=$423.

The amount Darren have after paying customer service is,

P=A-s

=$22,604-$423

=$22,181

The net amount Darren have after losing 2/5th amount.