Question

Last year, Karen opened an investment account with 8600 . 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 her account at the end of last year?

Answer 1

Answer:

Increase in dollars: $1,935

Amount at end of year: $10,535

Equation: 8600(1.225)