3. after taxes, olive brings home $2,800 per month. she had decided that she would like to set aside 15% of…

3. after taxes, olive brings home $2,800 per month. she had decided that she would like to set aside 15% of her income for savings. how much will olive save each month?

3. after taxes, olive brings home $2,800 per month. she had decided that she would like to set aside 15% of her income for savings. how much will olive save each month?

Answer

Explanation:

Step1: Identify the formula

We use the formula: Savings = Income × Savings - rate.

Step2: Substitute the values

Income = $2800, Savings - rate = 15%=0.15. So Savings = 2800×0.15.

Step3: Calculate the result

2800×0.15 = 420.

Answer:

420