The amount Sheila deposits in the Bank of US saving account is $511.
Sabrina has a total of $3,066 she wants to deposit. She has three banks that she wants to deposit her money in.
Let, a represent the amount she would deposit she would invest 7/4 bank.
The amount invested in Catch bank = 6 x a = 6a
The amount invested in Bank of US = 20% x ( 6a + a)
= 0.2 x 7a
= 1.4a
The total amount invested in the three banks can be represented with this equation:
1.4a + a + 6a = 3066
In order to determine the amount she would save in the Bank of US, the amount deposited in 7/4 bank has to be determined first.
8.4a = 3066
a = $365
The amount deposited in the Bank of US = 1.4a
= 1.4 x 365
= $511
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