SOLUTION: lena puts $3150.00 a year into saving. this represents 7% of her income she would like to increase her savings to 10% of her income. how much will she save in one year if she makes

Question 1167954: lena puts $3150.00 a year into saving. this represents 7% of her income she would like to increase her savings to 10% of her income. how much will she save in one year if she makes this change
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
.


If $3150 represent  7% of the income, then 1% is   = 450 dollars.


Then 10% is 10 times as much, i.e.  10*450 = 4500 dollars.   ANSWER

Good mental exercise for your mind (!)

RELATED QUESTIONS
1. Mike�s Sport Shop deposits $3,600 at the end of each year for 12 years at 7% annual... (answered by edward d,Hyot)

Kenzie's grandmother left her $10,000 for college. Kenzie puts some of the money into a... (answered by richwmiller)

Deniece has accumulated $50,000 in her thrift savings plan at her job at the Federal... (answered by stanbon)

Laura inherits $35,000 and decides to invest part of it in an education account for her... (answered by addingup)

Your friend is saving pennies. She puts one penny into her piggy bank the first day, two... (answered by Boreal,mathmate,math_helper,MathTherapy)

at the beginning of summer molly decided to add a little monet into her savings account... (answered by TimothyLamb)

lianne spent 2/5 of her savings to buy a gift for her mother. if her saving was 600, how... (answered by Cromlix)

Everyday, Lisa puts her spare change (nickels and dimes) in a piggy-bank. This weekend... (answered by stanbon)

taylor earns 2.1% simple interest per year on her savings. if she puts $500 into a... (answered by fractalier)