Given:
Jim opened an investment account with $6200. At the end of the year, the amount in the account had increased by 24%.
Required:
A) year-end amount in terms of the original amount
B) Use your answer in part (a) to determine the year-end amount in Jim's account Year-end amount $
Step-by-step explanation:
At the end of year the amount increased by 24% means amount at the end of year is

And the amount is

Final answer:
At the end of year the total amount is $7688