SOLUTION: last year Rita opened an investment account with 5500. At the end of the year the amount in the account has decreased by 22%. How much is this decrease in dollars? How much money w

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Question 1120246: last year Rita opened an investment account with 5500. At the end of the year the amount in the account has decreased by 22%. How much is this decrease in dollars? How much money was in her account at the end of last year?
Answer by Shin123(626) About Me  (Show Source):
You can put this solution on YOUR website!
The new amount is 0.78*5500. Which is 4290. The decrease is 5500-4290=1210.