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?

Question

determine the proportion to determine 22% of $2500.

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22 1 year 0.22 $22 $2500 12 months x months 100 x dollars

Answer 1

To determine 22% of Margo's paycheck of $2500, you can set up the proportion as follows:

\[ \frac{22}{100} = \frac{x}{2500} \]

To find \( x \), the amount Margo will save each month, multiply both sides by 2500:

\[ x = \frac{22}{100} \times 2500 \]

Calculating \( x \):

\[ x = 0.22 \times 2500 = 550 \]

Margo will save $550 each month.

Now, to find out how much money she will have saved after a year (12 months), multiply her monthly savings by the number of months:

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

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

Answer 2

what does x repersent

Answer 3

In the proportion set up to calculate 22% of Margo's paycheck, \( x \) represents the amount of money Margo will save from her monthly paycheck of $2500. Specifically, it is the dollar amount equivalent to 22% of her paycheck.

So, in the context of the calculation:

• \( x = 550 \) indicates that Margo saves $550 each month from her paycheck.

Answer 4

does x equal the months or x dollars

Answer 5

In the context of the equation we set up, \( x \) represents the dollar amount that Margo saves from her paycheck each month, which is $550. It does not represent the number of months.

To clarify:

• \( x \) is the amount she saves each month (in dollars).
• The number of months is later used to calculate her total savings over a year (12 months) by multiplying her monthly savings (\( x \)) by the number of months.

So, in summary:

• \( x \) = $550 (the monthly savings)
• The total savings over a year is found by multiplying \( x \) by 12 (the number of months).