last year, heather opened an investment account with $7400. at the end of the year, the amount in the…

last year, heather opened an investment account with $7400. 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 = □×original amount (b) use your answer in part (a) to determine the year - end amount in heathers account. year - end amount: $□

last year, heather opened an investment account with $7400. 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 = □×original amount (b) use your answer in part (a) to determine the year - end amount in heathers account. year - end amount: $□

Answer

Explanation:

Step1: Find the multiplier for 6% increase

The multiplier for a 6% increase is $1 + 0.06=1.06$.

Step2: Calculate year - end amount

The original amount is $7400$. The year - end amount = $1.06\times7400 = 7844$.

Answer:

(a) $1.06$ (b) $7844$