Question

Mark receives $2,200 a month in income. He wants to put 14% into a college savings account. How much money should he put into the account?

Answer 1

308 dollars

Explanation:

Really all we have to do, is find 14 percent of 2200. We can do this by dividing. Our resoulution is 308.

Answer 2

The amount he should put in the college savings account
`\bold{ \$308}`

Solution:

Given, income of Mark =
`\$ 2200`

Percentage of amount in college savings account =
`14 \%`

To find: The amount he should put in the college savings account

This can be solved in two methods as follows:

Method 1:

As given, Mark puts
`14\%` of the total amount in the account

i.e.
`14\% \ of \ 2200 \Rightarrow (14)/(100)* 2200`

On solving,

`\Rightarrow (30800)/(100) = \$ 308`

Method 2:

So, here assume that 100 corresponds to 2200

As given, Mark puts
`14\%` of the total amount in the account

`i.e. 100*22=2200`

`\therefore 14*22=308`

Hence, the amount is
`\$308`