Question

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

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

Step-by-step solution

Step 1. Given Information 

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

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

$x=\left(8\%\right)·\left(1485\right)$

Step 3. Solve the equation  

By proceeding with the calculation further

$$\begin{gathered} x=\left(8\%\right)·\left(1485\right) \\ x=\left(0.08\right)·\left(1485\right) \\ x=118.8 \end{gathered}$$

Step 4. Check the answer  

So, yes $8\%\mathrm{of}\$1485\mathrm{is}\$118.8.$

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