Question

If you intend to begin saving 25 percent of your income and you bring home $50 a week, how much will you save in one year, if you work all 52 weeks

Answer 1

Answer : His saving in 52 weeks is $ 867.

Step-by-step explanation :

Let the income per week be $100.

Saving = 25%

Saved income = $25

Take home income = $100 - $25 = $75

If he take home $75 a week then his saving = $25

If he take home $50 a week then his saving = $\frac{\ 25}{\ 75}\times \ 50$

                                                                           = $\ \frac{50}{3}$

His saving in 1 week = $\ \frac{50}{3}$

His saving in 52 weeks = $\ \frac{50}{3}\times 52$

                                        = $ 866.66

                                        ≈ $ 867

Therefore, his saving in 52 weeks is $ 867.