SOLUTION: Alyson opened a savings account with a deposit of $600. She withdrew $15 each day for the next 5 days, and then deposited her entire paycheck from Barney's Bagels, bringing her bal

Question 265497: Alyson opened a savings account with a deposit of $600. She withdrew $15 each day for the next 5 days, and then deposited her entire paycheck from Barney's Bagels, bringing her balance to $750. Then she remembered that she had promised to donate 25% of her paycheck to charity. How much should she withdraw from savings?
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
She starts off with $600.00 in the bank.

She subtracts 5 * $15.00 = $75.00.

She is left with $525.00 in the bank.

She deposits her paycheck and is left with $750.00 in the bank.

Her paycheck must have been $750.00 minus $525.00 = $225.00

That's because $525.00 plus $225.00 = $750.00

She had promised to donate 25% of her paycheck to charity.

This means she had promised to donate .25 * $225.00 = $56.25 to charity.

She needs to withdraw $56.25 from her bank account.

She is then left with $750.00 minus $56.25 = $693.75 in her bank account.

The answer to the question is that she needs to withdraw $56.25 from savings.

Looking at it another way:

She had $525.00 in the bank when she got her paycheck.

If she paid the $56.25 right away, then she would only have been able to deposit $225.00 - $56.25 = $168.75 which would have brought her bank total up to $525.00 + $168.75 = $693.75

Either way she pays the $56.25 and is left with $693.75 in the bank after all is done.

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