M a r g o is trying to be financial responsible she's going to say 20% of her paycheck every month if her paycheck is $2,500 each month then how much money will she have say after a year of saving

Answer 1

To calculate the amount of money Margo will have saved after a year, we first need to determine how much she saves each month.

If Margo is saving 20% of her paycheck every month, we calculate it by multiplying her paycheck by 20% (or 0.20):

20% of $2,500 = $2,500 * 0.20 = $500

Therefore, Margo is saving $500 every month. To calculate how much she will have saved after a year, we multiply the monthly savings by the number of months in a year:

$500 * 12 months = $6,000

Hence, Margo will have saved $6,000 after a year of saving.