Margo is trying to be financially responsible. She is going to save 22% of her paycheck every month. Her paycheck is $2500 each month. How much money will she have saved after a year of saving?
(1 point)
Responses
$1,363
$1,363
$6,600
$6,600
$9,500
$9,500
$11,364
$6,600
First, calculate how much Margo saves each month: $2500 x 22% = $550
Then, calculate how much she saves in a year: $550 x 12 = $6,600