Step 1. Gather the information.
The total annual salary of Bryna is $17,500
And she contributes 7% each month for her savings plan.
Step 2. Find her monthly salary.
$17,500 is her annual salary, but we need to know her monthly salary.
We can find her monthly salary by dividing the annual salary by 12 (the twelve months in one year):
The result is:
Each month she earns $1,458.33.
Step 3. Now that we know how much she earns per month, we need to calculate how much is 7% Out of that amount.
---Calculating 7% out of 1,458.33 ----
To calculate a percentage what we do is divide the amount by 100 and multiply by the percentage that we need:
Solving the operations:
7% is equal to $102.08, this is how much she is withheld each month for savings.
Answer:
b. $102.08