Peter wants to save 16% of his closing balance this month , calculate how much he can save
* closing balance 8181,83
To calculate how much Peter can save, we need to find 16% of his closing balance.
16% of 8181.83 = 0.16 * 8181.83 = 1309.89
Therefore, Peter can save $1309.89.
To calculate how much Peter can save, we need to find 16% of his closing balance.
Step 1: Calculate 16% of the closing balance.
16% of 8181.83 = (16/100) * 8181.83
Step 2: Calculate the saving amount.
Saving amount = 16% of 8181.83
= (16/100) * 8181.83
Calculating:
= 0.16 * 8181.83
= 1309.09
Therefore, Peter can save $1309.09.