Chapter 6.3, Problem 35STP

To determine

Calculate the saving of the Alejandra’s.

Answer to Problem 35STP

The amount of saving is $\$2742$ .

Explanation of Solution

Given:

It is given in the question that Alejandra’s earned $\$54.84$ in interest and the interest will be $2\%$ .

Concept Used:

In this, use the concept of percent equation and the equation is $Part=Percent\cdot Whole$ .

Calculation:

In this, the part and the percent are given, looking for a whole. Let w represent whole.

  $\begin{array}{l}Part=Percent\cdot Whole\\ 54.84=2\%\cdot x\\ 54.84=0.02\cdot x\\ x=\frac{54.84}{0.02}\\ x=\$2742\end{array}$

Conclusion:

The number is $\$2742$ .