Niket is creating a personal budget. He plans to save 20% of his income. If he has a monthly income of $3,500, how much money does he intend to save each month?(1 point)\

Answer 1

To find out how much Niket intends to save each month, you can calculate 20% of his monthly income of $3,500.

1. 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.