Final answer:
Aditya saves $216 from his income by calculating 18% of $1200.
Step-by-step explanation:
To calculate the amount Aditya saves from his income, we need to find 18% of $1200. The calculation is as follows:
Amount saved = Income × Percentage of savings
To find 18% of $1200:
Amount saved = $1200 × 0.18
Now, calculate the value:
Amount saved = $216
Thus, Aditya saves $216 from his income.
Aditya saves 18% of his income, which is $1200. To calculate the savings, you multiply the income by the savings rate expressed as a decimal. First, convert the percentage to a decimal by dividing it by 100. In this case, 18% becomes 0.18. Now, multiply the income by the savings rate:
Savings = Income × Savings Rate
Savings = $1200 × 0.18 = $216
Aditya saves $216 from his income of $1200. This represents the portion of his earnings that he sets aside for future use or investment. It's essential for financial planning and building a secure financial future. The 18% savings rate is a useful metric for Aditya to track and manage his finances, ensuring that he allocates a reasonable portion of his income towards savings to achieve his financial goals and maintain financial stability.