Question

A financial advisor puts 1/10 of all income into a savings account and puts the rest into a checking account. Which statement is true

Answer 1

Answer: See explanation

Explanation:

There are no options attached to this.

The fraction in a checking account will be: = 1 - 1/10 = 9/10

Since the financial advisor puts 1/10 of all income into a savings account. The percentage in the savings account will be: = 1/10 × 100 = 10%

The Percentage in the checking account will be: = 9/10 × 100 = 90%