Jenny is paid a monthly salary of $1600. She saves 1/5 of her salary each month A) Calculate her saving each month.
B) How much will she save in a year?
A) Her saving each month 1/5 of her salary
$1600.
= 1600*1/5 = $320
Her saving each month $320.
B) Her saving per year will be:
$320*12 = $3840.
A) To calculate Jenny's saving each month, you need to find 1/5 of her monthly salary.
Step 1: Determine the monthly salary.
Jenny's monthly salary is given as $1600.
Step 2: Calculate the amount she saves.
To find 1/5 of her salary, divide her salary by 5:
$1600 ÷ 5 = $320
Therefore, Jenny saves $320 each month.
B) To calculate how much she will save in a year, you need to multiply her monthly saving by 12 (the number of months in a year).
Step 1: Determine the monthly saving.
We already calculated that Jenny saves $320 per month.
Step 2: Calculate the annual saving.
Multiply the monthly saving by 12:
$320 × 12 = $3840
Therefore, Jenny will save $3840 in a year.