The fourth month this year, you have $368 saved. At the twelfth month this year, you have saved $504.

What is your savings rate?

So if $368 was saved in the fourth month, and $504 was saved at the twelve month, you subtract 504-368 which equals 136. Now you need to divide 136 by the remaining months, so 12-4=8, now you divide 136 by 8! Your savings rate is 17!

To calculate the savings rate, we need to find the difference between the amounts saved in the twelfth month and the fourth month, and divide that by the number of months in between.

First, let's calculate the difference in savings between the twelfth month and the fourth month:
$504 - $368 = $136

Next, let's find the number of months between the twelfth and fourth months:
12 - 4 = 8 months

Now, we can calculate the savings rate by dividing the difference in savings by the number of months:
$136 / 8 months = $17 per month

Therefore, your savings rate is $17 per month.