SOLUTION: Yi Chen made a $6,400 investment at the beginning of a year. By the end of the year, the value of the investment had decreased by 8.2%. What was its value at the end of the year?

Question 111666: Yi Chen made a $6,400 investment at the beginning of a year. By the end of the year, the value of the investment had decreased by 8.2%. What was its value at the end of the year?
I do not no where to start with this one help please.
Answer by malakumar_kos@yahoo.com(315) (Show Source): You can put this solution on YOUR website!

Yi Chen made a $6,400 investment at the beginning of a year. By the end of the year, the value of the investment had decreased by 8.2%. What was its value at the end of the year?

Investment made at the beginning of the year = $ 6400
decreased value is = 8.2%
hence decreased value = 8.2*6400/100 = 524.80
value at the end of the year = $ 6400 - $ 524.80
= $ 5875.20
RELATED QUESTIONS
Please help Jerry earned $18,500 one year and then received a 10.5% raise. What is (answered by checkley71)

The Big Bull investment club has a portfolio that contains only two stocks. At the end of (answered by stanbon)

The Big Bull investment club has a portfolio that contains only two stocks. At the end of (answered by jorel1380)

A firm plans to invest an amount of money at the beginning of every year in order to... (answered by greenestamps)

Last year, Yolanda opened an investment account with $7400. At the end of the year, the... (answered by Boreal)

Lady Lee needs TZS 57,500,000 at the end of the year 2029, and her only investment outlet (answered by Theo,ikleyn)

You have an opportunity to make an investment that will pay $100 at the end of the first... (answered by Theo)

What annual rate of return is earned on a $4,000 investment made in year 6 when it grows... (answered by josmiceli,MathTherapy)

Find the amount (future value) of the ordinary annuity. $1,400 per quarter for 5 yr at... (answered by Theo)