Last year, Lamar opened an investment account with $5400. At the end of the year, the amount in the account had increased by 6%. (a) Fill in the blank to write the year-end amount in terms of the original amount. Write your answer as a decimal. Year-end amount = x Original amount (b) Use your answer in part (a) to determine the year-end amount in Lamar's account. Year-end amount: S

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter2: Equations And Inequalities
Section2.3: Models And Applications
Problem 23SE: Paul has $20,000 to invest. His intent is to earn11% interest on his investment. He can invest part...
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Last year, Lamar opened an investment account with $5400. At the end of the year, the amount in the account had increased by 6%.
(a) Fill in the blank to write the year-end amount in terms of the original amount. Write
your answer as a decimal.
Year-end amount = x Original amount
(b) Use your answer in part (a) to determine the year-end amount in Lamar's account.
Year-end amount: S
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Transcribed Image Text:Last year, Lamar opened an investment account with $5400. At the end of the year, the amount in the account had increased by 6%. (a) Fill in the blank to write the year-end amount in terms of the original amount. Write your answer as a decimal. Year-end amount = x Original amount (b) Use your answer in part (a) to determine the year-end amount in Lamar's account. Year-end amount: S Save Check O 2021 McGraw-Hill Education. All Rights Re TLL MEET YOU IN NEW YORK F9 F7 F6 ーの F5 A. & F3 F2 Esc F1 FnLock 7 23
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