Pregunta
ast year, Heather opened an investment account with \( \$ 7500 \). At the end of the year, the amount in the account had increased by \( 7 \% \). (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 \( =\square \times \) Original amount (b) Use your answer in part (a) to determine the year-end amount in Heather's account. Year-end amount: \( \$ \square \)
Ask by Reeves Harmon. in the United States
Jan 24,2025
Solución de tutoría real
Respuesta verificada por el tutor
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(a) Year-end amount \( = 1.07 \times \) Original amount
(b) Year-end amount: \$8,025
Solución
Let's solve each part step by step.
### (a) Year-End Amount in Terms of the Original Amount
When an investment increases by a certain percentage, the year-end amount can be expressed by multiplying the original amount by **1 plus the percentage increase (as a decimal)**.
- **Increase Percentage:** \( 7\% \)
- **As a Decimal:** \( 0.07 \)
So, the multiplier is:
\[
1 + 0.07 = 1.07
\]
**Answer:**
\[
\text{Year-end amount} = \boxed{1.07} \times \text{Original amount}
\]
### (b) Calculating the Year-End Amount in Heather's Account
Using the multiplier from part (a), we can calculate the year-end amount.
- **Original Amount:** \( \$7,\!500 \)
- **Multiplier:** \( 1.07 \)
\[
\text{Year-end amount} = 1.07 \times \$7,\!500
\]
\[
\text{Year-end amount} = \$7,\!500 + (\$7,\!500 \times 0.07) = \$7,\!500 + \$525 = \$8,\!025
\]
**Answer:**
\[
\text{Year-end amount}: \boxed{\$8,\!025}
\]
Revisado y aprobado por el equipo de tutoría de UpStudy
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Mind Expander
Year-end amount \( = 1.07 \times \) Original amount. To find the year-end amount, we multiply the original amount of \( \$ 7500 \) by \( 1.07 \): Year-end amount \( = 1.07 \times 7500 = \$ 8025 \).
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