Question

Jessica earns 800 each month working a part time job. she wants to save a total of 2,400 for collage over a one- year period. what percentage of Jessica's total monthly budget should go to her collage savings to meet her goal

Answer 1

25%

Explanation:

Given parameters:

Amount earned by Jessica per month = 800

Total savings target per year = 2400

Unknown:

Percentage of savings = ?

Solution:

The total earning per year will be the amount earned per month multiplied by the total number months;

Amount earned in a year = 12 x 800 = 9600

Let the percentage of savings per year = y%

Now;

2400 =
`(y)/(100)` x 9600

y = 25%