Question

Last year, Jose opened an investment account with $6600. At the end of the year, the amount in the account had decreased by 28.5%. How much is this decrease in dollars? How much money was in his account at the end of last year?

Answer 1

• decrease: $1881
• ending value: $4719

Explanation:

The decrease is found by multiplying the original amount by the percentage decrease:

$6600 × 28.5% = $6600 × 0.285 = $1881

Jose's account decreased by $1881.

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The remaining value is the original amount, less the amount of decrease.

$6600 -1881 = $4719

At the end of last year, Jose had $4719 in his investment account.