Niket is creating a personal budget. He plans to save 20% of his income. If he
has a monthly income of $3,500, how much money does he intend to save
each month? (1 poin
To find out how much money Niket intends to save each month, we need to calculate 20% of his income.
20% of $3,500 = 0.20 * $3,500 = $700
Therefore, Niket intends to save $700 each month.