Question

Last year , Henry opened an investment account with 5800. At the end of the year ,the amount in the account had increased by 29.5 how much is this increase in dollars?How much money was in his account at the end of las year?

Answer 1

• Percent increase in dollar = $1,711
• Total in account = $7,511

Explanation:

The money in the account had increased by 29.5%.

This increase in dollars is:

= Amount in account * percentage increase

= 5,800 * 29.5%

= 5,800 * 0.295

= $1,711

The total in his account was therefore:

= Amount invested + increase

= 5,800 + 1,711

= $7,511