Question

Annika is saving for a new car. She deposits 35% of her paycheck every week into her savings account. Her last paycheck was $106.82.

a) How much will Annika put in her savings account this week?
b) How much money will she have saved in 42.5 weeks?

Answer 1

a) $37.387

b) $1,588.95

Explanation:

Hi, to answer this question, first, we have to multiply the last paycheck

(106.82) by the percentage saved in decimal form (divided by 100)

a) 106.82 x (35/100) = $37.387 (weekly saving)

Now, we have to multiply that result by the number of weeks.

b) 37.387 x 42.5 =$1,588.95

Feel free to ask for more if needed or if you did not understand something.