Question

S=0.2p S=money put in saving account in dollars P=paycheck account Chelsea earns 2 paychecks during the month of April each for 2,048.How much money was put into savings during the month of April

Answer 1

The correct answer is $819.2

Explanation:

Chelsea earns two paycheck of $2,048 in the month of April.

Total money earned via 2 paychecks are $ 4,096.

He puts 20% of his paycheck in a savings account.

Thus total amount deposited by Chelsea in the month of April is given by,

S = 0.2 × p where S is the money put in the account and p is the paycheck amount.

⇒ S = 0.2 × 4096

⇒ S = $819.2

Total money deposited by Chelsea in the savings account is given by $819.2