After taxes, Olive brings home $2,800 per month. She has decided that she would like to set aside 15% of her income for savings.
How much will Olive save each month?
1 answer:
Answer:
Olive will save $420 each month.
Step-by-step explanation:
This question can be solved using a rule of three.
Olive earns $2,800 a month. $2,800 is 100% = 1 of her earnings. She wants to save x, which is 15% = 0.15 of her income. How much is x?
2800 - 1
x - 0.15x
x = 2800*0.15 = $420
Olive will save $420 each month.
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