Question

If I receive 2,200 a month in income and I want to put 14% in to a college savings account how much money should be in my savings account

Answer 1

The amount saving in my account is 308 unit

Explanation:

Given as :

The income receive per month = 2,200

The percentage saving of income in account = 14%

Let the money saving in my account = x

So,

The money saving in my account = 14 % of 2,200

Or, x = 0.14 × 2,200 = 308

Hence The amount saving in my account is 308 unit Answer