Question

if you intend to begin saving 30% of your income and you bring home $750 a week, how much will you have saved in one year?

Answer 1

$11,700

Explanation:

Given:

Weekly income = $750

Amount saved weekly,

= 30% of weekly income

= (30/100) x $750

= $225

Assuming there are 52 weeks in a year

yearly savings,

= amount saved weekly x 52 weeks

= $225 x 52 weeks

= $11,700