Last year, Ravi opened an investment account with $5400. 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?

Question

Bronson Krueger

9 September, 15:58

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Jalen Keller · Answer 1

1 - (24.5/100) = 0.755 which will be our multiplier

5400 x 0.755 = $4077 left in his account

5400-4077=$1323 decrease