SOLUTION: Last year, Greg opened an investment account with $6600 . At the end of the year, the amount in the account had increased by 22.5% . How much is this increase in dollars? How

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Last year, Greg opened an investment account with $6600 . At the end of the year, the amount in the account had increased by 22.5% . How much is this increase in dollars? How      Log On

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Question 1131663: Last year, Greg opened an investment account with
$6600
. At the end of the year, the amount in the account had increased by
22.5%
. How much is this increase in dollars? How much money was in his account at the end of last year?

Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
Last year, Greg opened an investment account with
$6600
At the end of the year, the amount in the account had increased by
22.5%
How much is this increase in dollars?
---
22.5% = 22.5/100
-
It's (22.5/100)*6600
-------
How much money was in his account at the end of last year?
$2200 + the increase.