Problema Solution
Julia deposits 20% of her paycheck in her savings account. Then she deposits 60% of her remaining money in her checking account. She deposits $108.24 in her checking account. How much money did she deposit in her savings account?
Answer provided by our tutors
Let 'x' represent the Julia's paycheck, x>=0.
20% of x or 0.20x Julia deposits on her saving account.
That is left is x - 0.20x = 0.80x.
60% of the remaining money (0.80x) Julia deposits in her checking account or $108.24 are deposited in the checking account thus:
0.60*(0.80x) = 108.24
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click here to see the equation solved for x
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x = $225.50
0.20*225.50 = $45.10
Julia deposited $45.10 on her saving account.