Question

Last year, Elsa opened an investment account with$5400 . At the end of the year, the amount in the account had increased by 6.5%. How much is this increase in dollars? How much money was in her account at the end of last year? Increase in amount and Year-end amount

Answer 1

The answer is $7.08 I found this answer By doing 5,400 divided by 6.5%

Answer 2

Here you go

Explanation:

The increase in amount is $351.00 ($5400 x 0.065 = $351). The amount in the account at the end of the year was $5751.00 ($5400 + $351 = $5751).