B. $6,600
To calculate the amount Margo will save each month, multiply her paycheck by 22%:
$2,500 x 0.22 = $550
Margo will save $550 every month. To find out how much she will save in a year, multiply her monthly savings by 12 months:
$550 x 12 = $6,600
Therefore, Margo will have saved $6,600 after a year of saving.
Margo is trying to be financially responsible. She is going to save 22% of her paycheck every month. Her paycheck is $2500 each month. How much money will she have saved after a year of saving? (1 point)
A. $1,363
B. $6,600
C. $9,500
D. $11,364
1 answer
1 answer