Question

Please help me!

A person saves $200 a month. If her annual income is $32,000 per year, what percent of her income is she saving?

Answer 1

She saves 1.6% because you divide 32,000 and 200 then divided that with 100

Answer 2

7.5%

Explanation:

one year has 12 months...and in one month the person saves 200

so in one year it will be 200×12 = 2400

%save=total saves/total earning×100

= (2400/32000)×100 = 7.5%

I hope this will help!