Question

Last year,Jim opened an investment account with $7400. At the end of the year, the amount in account had increased by 26.5%. How much is the increase in dollars? How much money was in his account at the end of last year?

Answer 1

Explanation:

I=prt

I=7400×(26.5/100)×1

I=$1961

total money 7400+1962= $9361