Warning: foreach() argument must be of type array|object, bool given in /var/www/html/web/app/themes/studypress-core-theme/template-parts/header/mobile-offcanvas.php on line 20

Trong has 12% of each paycheck automatically deposited to his savings account. His last paycheck was $2165. How much money was deposited to Trong’s savings account?

Short Answer

Expert verified

The money deposited into Trong’s savings account is$259.8.

Step by step solution

01

Step 1. Given Information 

The amount of the last paycheck of Trong is $2165and 12%of each paycheck automatically deposited to his savings account. We have to find the amount deposited into Trong's savings account.

02

Step 2. Translate into an equation 

Let x be the amount deposited to his saving accounts.

Now, the 12%of each paycheck is automatically deposited into his savings account.

So, the equation will be amount deposited equal to 12%of the last paycheck

x=12%×2165

03

Step 3. Solve the equation 

By proceeding with the calculation further

x=12%×2165x=0.12×2165x=259.8

04

Step 4. Check the answer 

So, yes 12%of$2165is$259.8.

Thus, the money deposited into Trongs's savings account is$259.8.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Study anywhere. Anytime. Across all devices.

Sign-up for free