Question

Ast year, Saleh opened an investment account with $8600. At the end of the year, the amount in the account had decreased by 23.5%. How much is this decrease in dollars? How much money was in his account at the end of last year?

Answer 1

Given:

Initial amount = $8600

The amount in the account had decreased by 23.5%.

To find:

Decrease in amount and amount at the end of last year.

Solution:

The amount in the account had decreased by 23.5%. So,

Decreased amount = 23.5% of 8600

`=(23.5)/(100)* 8600`

`=23.5* 86`

`=2021`

Now, the amount at the end of the last year is

Amount = Initial value - Decreased value

`Amount=8600-2021`

`Amount=6579`

Therefore, the decreased value is $2021 and the amount at the end of last year is $6579.