Respuesta :
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 :)
convert 5% into a decimal then divide by 100.
Hope this helped :)
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 = [tex]5\% \times 48948[/tex]
= [tex]\frac{5}{100} \times 48948[/tex]
= [tex]2447.4[/tex]
Hence your parents have saved $2447.4 in one year.
