Question

Eleanor deposits 20% of the money that she earns each week in a savings account. If Eleanor earns $85 each week, how much will she deposit each week?

A. $102
B. $68
C. $65
D. $17

Answer 1

the formula would be m(w)=p(1+r)
p- principle or starting value
r- rate

85(1+.2)
85(1.2)=102

Answer 2

$17

D is correct

Explanation:

Eleanor deposits 20% of the money that she earns each week in a savings account.

Eleanor earns $85 each week.

Eleanor deposit 20% of 85 in a saving account.

Change 20% to decimal = 0.20

Amount in saving account
`=(20)/(100)* 85`

`=17`

Hence, Eleanor deposit $17 in saving account each week.