Question

GUYS I NEED HELP ASAP IF YOU HELP I WILL GIVE 15 POINTS

Shelley invested some money in an account that will mature in one year. If Shelley withdraws the money after the maturity date, she will receive her initial investment plus 15%, but if she withdraws her money now, she will only be able to withdraw 80% of what she put into the account.

Shelley put $317 into the account initially. How much of her initial investment will she lose if she withdraws her money now?

Answer 1

Answer: $63.40

Explanation:

She starts out with $317 but she will only get 80% which means she will lose 20%

100%-80%=20%

take 20% of 317

.2 x 317 convert 20% to decimal by moving decimal twice and multiply

=63.4

She will lose $63.40

Answer 2

Answer: Choice C. $63.40

Reason:

If she withdraws early, she can only withdraw 80% of what she put in. She takes a 20% penalty.

20% of 317 = 0.20*317 = 63.40 dollars is how much she loses.

Put another way:

She is able to withdraw 0.80*317 = 253.60 dollars if doing so early. She lost 317-253.60 = 63.40 dollars