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3 years ago

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c) 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. 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

2 answers:

Ann [662]3 years ago

4 0

Answer:

$ 2447.4

Step-by-step explanation:

Given :

They had an average household income of $48,948.

Your parents have been advised to save 5% of their income for your college education

To Find : How much would your parents have saved in one year?

Solution:

They had an average household income of $48,948.

They are advised to save 5% of their income.

So, saving = $5\% \times 48948$

= $\frac{5}{100} \times 48948$

= $2447.4$

Hence your parents have saved $2447.4 in one year.

Gennadij [26K]3 years ago

3 0

In one year they would have saved up $2447.40 for your education
convert 5% into a decimal then divide by 100.

Hope this helped :)

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Step-by-step explanation:

Part A: Using the graph above, create a system of inequalities that only contain points C and F in the overlapping shaded regions

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see the attached figure N 1

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