question archive Chapter 2 Percentages Jason Bradley has a monthly income of $4,200

Chapter 2 Percentages Jason Bradley has a monthly income of $4,200

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Chapter 2 Percentages Jason Bradley has a monthly income of $4,200. He spends 95% of his earnings and saves the balance. What are his annual savings?

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Monthly income= $4200

Annual income= 4200*12 = $ 50400

Expenses = 95%

Savings %= 100%-95%= 5%

Annual savings amount= Annual income* Savings %

= 50400*5%

= $2520