Question

Ryan transfer 15% of his monthly pay into a savings accounts. If max make $1850 per month, how much will he save in a year?

Answer 1

He will save $3330 in a year.

Answer 2

$3330.

Explanation:

We first have to calculate how much he transfer monthly, to do that, we have to find the 15% of $1850.

`0.15(1850)=277.50`

So, he transfer $277.50 per month, in a year would be:

`277.50(12)=3330`

Therefore, after one year, he will save $3330.