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Aditya has an income of $1200 and saves 18% of it. how much does he save?

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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.

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