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Chapter 3: Q. 94 (page 333)

Cherise deposits 8% of each paycheck into her retirement account. Her last paycheck was $1,485. How much did Cherise deposit into her retirement account?

Short Answer

Expert verified

Cherise deposited the amount into her retirement account is$118.8.

Step by step solution

01

Step 1. Given Information 

The amount of the last paycheck of Cherise is $1485and 8% of each paycheck deposited into her retirement account. We have to find the amount deposited into Cherise's retirement account.

02

Step 2. Translate into an equation 

Let x be the amount deposited into her retirement account.

Now, the 8%of each paycheck is deposited into her retirement account.

So, the equation will be amount deposited is 8%of the last paycheck

x=8%路1485

03

Step 3. Solve the equation  

By proceeding with the calculation further

x=8%路1485x=0.08路1485x=118.8

04

Step 4. Check the answer  

So, yes 8%of$1485is$118.8.

Thus, the amount deposited into her retirement account is$118.8.

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