Your parents have been advised to save 5% of their income for your college education, which would include money for housing, tui
tion, books, and fees. How much would your parents have saved in one year, following the recommended 5%, if they had an average household income of $48,948? Show your work. I NEED HELP UNDERSTANDING THIS PROBLEM!!!
We have been given that your parents have been advised to save 5% of their income for your college education, which would include money for housing, tuition, books, and fees. They had an average household income of $48,948.
Let us find 5% of average household income to find the savings of your parents in one year.
Therefore, your parents would have saved $2447.40 is one year.
Milliliters are used to measure smaller amount of liquids while liters are used for bigger. If you were to use a bucket, you would need to measure the capacity with bigger measurements.
