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? How mu

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? How mu      Log On


   



Question 1008099: 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?

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...