Question

Margo is trying to be financially responsible. She is going to save 22% of her paycheck every month. If her paycheck is $2500 each month, then how much money will she have saved after a year of saving? (1 point)

$1,363

$6,600

$9,500

$11,364

Answer 1

To find out how much money Margo will have saved after a year, we need to calculate 22% of her monthly paycheck and multiply it by 12 (the number of months in a year).

22% of $2500 = (22/100) * $2500 = $550

$550 * 12 = $6600

Therefore, Margo will have $6600 saved after a year of saving.