Question

For every $50.00. Michael earns, he saves $5. for the future. How much money will he have saved when he earns a total of $500.

Answer 1

D. He will have saved $50

Answer 2

The answer is D

This is because if for every $50 he saves $5, and he has saved a total of $500, you can set up a proportion to find out how much money he has saved at that point.

The proportion is as follows:

50/5 == 500/x

x is equivalent to the amount of money he has saved

You can cross multiply to get the following equation:

50x == 2500

To isolate x, you must divide both sides by 50, giving you an answer of:

x = 50

This is the same as option D