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 per month = 800

Her savings goal = 2400

Unknown:

Percentage of monthly income that must go into savings = ?

Solution:

In a year, Jessica will earn:

12(800) = 9600

Now;

To earn 2400;

Let y be the percentage of her earning that goes into saving per year;

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

2400 = 96y

y = 25%