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Margo is trying to be financially responsible. She is going to save 22% of hew paycheck every month. Her paycheck is $2500 each month. How much money will she have saved after a year of saving?
A. $1,363
B. $6,600
C. $9,500
D. $11,364
To calculate how much Margo will have saved after a year, we first need to find out how much she saves each month.
22% of $2500 = 0.22 * $2500 = $550
Margo saves $550 each month.
After a year, she will have saved:
$550 * 12 months = $6,600
Therefore, the answer is B. $6,600.