SOLUTION: Last year, Austin opened an investment account with $8200. At the end of the year, the amount in the account had increased by 29.5%. How much is this increase in dollars? How much

SOLUTION: Last year, Austin opened an investment account with $8200. At the end of the year, the amount in the account had increased by 29.5%. How much is this increase in dollars? How much

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Question 1008199: Last year, Austin opened an investment account with $8200. At the end of the year, the amount in the account had increased by 29.5%. How much is this increase in dollars? How much money was in his account at the end of last year?
Answer by fractalier(6550) (Show Source): You can put this solution on YOUR website!
29.5% of $8200 can be found by multiplying
.295(8200) = $2419
That's the increase.
Add that to $8200 and get
$10,619. That's his total.
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