Juliet is trying to increase her savings account and she decides that she is going save an additional $700 every month. If her monthly take home pay is $5,430, what proportion of her monthly take home pay is she saving?
Take the full amount of her pay and multiply it by .0007 equaling 3.8ish percent
Answer: \(\dfrac{70}{543}\) of her monthly take home pay is saved by her.
Step-by-step explanation:
Since we have given that
Amount of monthly home pay = $5430
Amount of savings = $700
We need to find the proportion of her monthly take home pay is saving.
So, Proportion of her monthly take home pay which is saving is given by
\(\dfrac{700}{5430}\\\\=\dfrac{70}{543}\)
Hence, \(\dfrac{70}{543}\) of her monthly take home pay is saved by her.