Jordan earns a fixed monthly salary. Last month, he saved 15% of it. This month, he saves 25% more than what he saved last month.a. What percentage of his salary does he save this month?
Question
Jordan earns a fixed monthly salary. Last month, he saved 15% of it. This month, he saves 25% more than what he saved last month.a. What percentage of his salary does he save this month?
Solution
a. Last month, Jordan saved 15% of his salary.
This month, he saves 25% more than what he saved last month.
To find out how much he saves this month, we first need to find out what 25% of 15% is.
To do this, we multiply 15 by 25% (or 0.25).
15 * 0.25 = 3.75
So, 25% of 15% is 3.75%.
This means that this month, Jordan saves 3.75% more than he did last month.
To find out the total percentage of his salary that he saves this month, we add this 3.75% to the 15% he saved last month.
15% + 3.75% = 18.75%
So, Jordan saves 18.75% of his salary this month.
Similar Questions
A spends 60% of his salary and saves the remaining. His salary is increased by 25% and he increased his expenditure by 20%. By what % does his saving increase?
Ethan always saves 60% of his salary. If his salary decreases by 15% , his savings will decrease by $270. How much is Ethan's original salary?
Mason always saves 25% of his salary. If his salary decreases by 10% , his savings will decrease by $241. How much is Mason's original salary?
Aiden always saves 50% of his salary. If his salary decreases by 30% , his savings will decrease by $210. How much is Aiden's original salary?
A person spends 60% of his income. If his income increases by 15% and expenditure increases by 5%, then find percentage change on his savings?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.