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18 October, 10:29

After taxes, Olive brings home $2,800 per month. She has decided that she would like to set aside 15% of her income for savings. How much will Olive save each month?

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  1. 18 October, 11:51
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    Olive will save $420 each month.

    Step-by-step explanation:

    This question can be solved using a rule of three.

    Olive earns $2,800 a month. $2,800 is 100% = 1 of her earnings. She wants to save x, which is 15% = 0.15 of her income. How much is x?

    2800 - 1

    x - 0.15x

    x = 2800*0.15 = $420

    Olive will save $420 each month.
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