Question

Last year, Keith opened an investment account with $8200. At the end of the year, the amount in the account had decreased by 7.5%. How much is this decrease in dollars? How much money was in his account at the end of last year?

Answer 1

You would multiply $8200 by .075, giving you 615. Then to find the decrease. Take the starting value (8200) by the end value (615). and you would get 7,585.