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alina1380 [7]
2 years ago
12

Miranda earns $72,000 annually. She contributes $300 a month to a savings bond. What percent of her salary does she contribute t

o her savings bond?
0.05%
1%
1.5%
5%
Mathematics
1 answer:
Vitek1552 [10]2 years ago
4 0

Answer: 5%

Step-by-step explanation:

First notice that she contributes $300 a month and annually means yearly,  so find the amount that she contributes yearly by multiplying 300 by 12 because there are 12 months in a year.  

300 * 12 = 3600

Now to find the percentage, divide the amount she contributes in year by her annual salary.

3600/ 72000 = 0.05  

Convert 0.05 into a percent by multiplying 0.05 by one hundred.

0.05 * 100 = 5%

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