Question

Mary earns a salary of $3500 a month. She puts 10% of her salary into a P.Y.F. account each month. How much money has Mary saved in his P.Y.F. account after 6 months?

$350
$3500
$2100
$5050

Answer 1

Answer: $2100.00

Explanation:

The key to solving this problem is to find 10% of 3500 and multiply it by 6.

Step 1: Multiply 10% (0.10) times 3500

.10 * 3500 = 350

This is the amount of money Mary puts into a P.Y.F. account.

Step 2: Multiply 6 times 350

6 * 350 = 2100

The six is the number of months Mary used the P.Y.F account. The 2100 is the amount of money Mary put into the P.Y.F account.