To find out how much Niket intends to save each month, you can calculate 20% of his monthly income of $3,500.
- Calculate 20% of $3,500: \[ 20% = \frac{20}{100} = 0.20 \] \[ \text{Savings} = 0.20 \times 3500 = 700 \]
Niket intends to save $700 each month.