Question

Artis heard that as a general rule, he should save at least 10% of his take-home pay. if artis' take-home pay is $2580 per month, what is the minimum amount per year that he should save? a. $258 b. $2322 c. $3096 d. $215

Answer 1

Artis should save 10% of his monthly take-home pay of $2580, which equals $258 per month. Multiplying this by 12 months gives us an annual saving of $3096. The correct option is (c) $3096

Step-by-step explanation:

To determine this amount, we use the information that he should save at least 10% of his take-home pay, which is $2580 per month. Thus, the monthly saving amount is 10% of $2580, or $258. To find the annual saving, we multiply the monthly savings by 12 (months in a year).

The calculation is as follows: $258 × 12 = $3096.

Therefore, the minimum amount per year that Artis should save is $3096.

Answer 2

To find the minimum annual savings for Artis, calculate 10% of his monthly take-home pay and then multiply it by 12. The answer is $3096 per year.

Step-by-step explanation:

The question asks to calculate the amount Artis should save per year, given that he takes home $2580 per month and the goal is to save at least 10% of this amount. To find the annual savings, we first calculate 10% of the monthly take-home pay and then multiply that by 12 (the number of months in a year).

1. Calculate 10% of the monthly take-home pay: $2580 * 0.10 = $258.
2. Multiply the monthly saving by 12 to get the annual saving: $258 * 12 = $3096.

Therefore, the minimum amount that Artis should save per year is $3096.