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?

Determine the proportion to determine 22% of $2500.

(1 point)
Drop target 1
Drop target 2
Drop target 3
Question 2
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)
Responses


$1,363


$6,600

$9,500


$11,364

Answer 1

To determine how much Margo will save each month, we need to calculate 22% of her monthly paycheck of $2500.

**Step 1: Calculate 22% of $2500**

\[
22\% = \frac{22}{100} = 0.22
\]

Now, multiply her paycheck by this percentage:

\[
\text{Amount saved per month} = 2500 \times 0.22 = 550
\]

So, Margo saves $550 each month.

**Step 2: Calculate how much she saves in a year**

Since there are 12 months in a year, we multiply her monthly savings by 12:

\[
\text{Total savings in a year} = 550 \times 12 = 6600
\]

So, after a year of saving, Margo will have saved **$6,600**.

**Responses:**
- $6,600