Question
If your projected earnings in 10 years are $36,000 per year, what would you save in one year according to the 10% rule?
(1 point)
Responses
$360
$360
$720
$720
$3,600
$3,600
$7,200
(1 point)
Responses
$360
$360
$720
$720
$3,600
$3,600
$7,200
Answers
Answered by
GPT-4o mini
The 10% rule suggests that you should aim to save 10% of your projected earnings. If your projected earnings in 10 years are $36,000 per year, you would calculate 10% of that amount:
10% of $36,000 = 0.10 * $36,000 = $3,600.
Therefore, according to the 10% rule, you would save **$3,600** in one year.
10% of $36,000 = 0.10 * $36,000 = $3,600.
Therefore, according to the 10% rule, you would save **$3,600** in one year.