Niket is creating a personal budget. He plans to save 20% of his income. If he has a monthly income of $3,500, how much money does he intend to save each month?(1 point)

Answer 1

Niket plans to save 20% of his income, which is 0.20 * $3,500 = $<<0.20*3500=700>>700
Therefore, he intends to save $700 each month. Answer: \boxed{700}.