SOLUTION: Last year, Chris opened an investment account with $7800 . At the end of the year, the amount in the account had decreased by 24.5% . How much is this decrease in dollars? Ho

Algebra ->  Finance -> SOLUTION: Last year, Chris opened an investment account with $7800 . At the end of the year, the amount in the account had decreased by 24.5% . How much is this decrease in dollars? Ho      Log On


   

Question 1008098: Last year, Chris opened an investment account with
$7800
. 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 his account at the end of last year?
Found 2 solutions by fractalier, stanbon:
Answer by fractalier(6550) About Me  (Show Source):
You can put this solution on YOUR website!
Well, 24.5% of 7800 is found by multiplying...we get
.245 * $7800 = $1911 that is the decrease
$7800 - $1911 = $5889 is then what is left...

Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Last year, Chris opened an investment account with
$7800. At the end of the year, the amount in the account had decreased by
24.5%.
How much is this decrease in dollars?
Ans: 0.245*$7800
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How much money was in his account at the end of last year?
Ans: (1-0.245)$7800
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Cheers,
Stan H.
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