Question

Last year, Lashonda opened an investment account with $7200 . At the end of the year, the amount in the account had decreased by 24.5% .How much is this decrease in dollars? How much money was in her account at the end of last year?

Answer 1

1. $1764

2. $5436

Explanation:

Step one:

given data

Initial account balance= $7200

we are told that the decrease was by 24.5%

Step two:

1. How much is this decrease in dollars?

let us solve for 24.5% of $7200

=24.5/100*7200

=0.245*7200

=1764

the decrease is $1764

2. How much money was in her account at the end of last year?

the final account balance is

=7200-1764

=$5436