Last year, Martina opened an investment account with $7200 . 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 her account at the end of last year? Decrease in amount: $ Year-end amount: $

Last year, Martina opened an investment account with $7200 . 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 her account at the end of last year? Decrease in amount: $ Year-end amount: $

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter16: Mastering Financial Management

Section: Chapter Questions

Problem 3DQ

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Question

Last year, Martina opened an investment account with

$7200

. 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 her account at the end of last year?

Decrease in amount:	$
Year-end amount:	$

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