Manny saves 2/20 of each paycheck for a new motorcycle and 3/20 of each paycheck for retirement. Manny earns $2918 per paycheck.

How much does Manny save per paycheck?

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Respuesta :

Manny would save $729.50 per paycheck

What are dollar savings on new motorcycle and retirement?

The amount of savings on new motorcycle and retirement can be determined by multiplying the fractions by the earnings per paycheck

savings for new motorcycle=$2918*2/20

savings for new motorcycle=$291.80

savings on retirement=$2918*3/20

savings on retirement=$437.70

total savings=$291.80+$437.70

total savings=$729.50

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