5. Rami makes $$ \$ 2,400 $$ per month and puts $$ 6 \% $$ in a savings plan. How much does he save per month?

Question

UpStudy AI · Accepted Answer

To find out how much Rami saves per month, we can calculate $$ 6\% $$ of his monthly income of $$ \$2,400 $$.

First, convert the percentage to a decimal:

$$
6\% = \frac{6}{100} = 0.06
$$

Next, multiply his monthly income by this decimal:

$$
\text{Savings} = 2400 \times 0.06
$$

Now, perform the multiplication:

$$
\text{Savings} = 2400 \times 0.06 = 144
$$

Therefore, Rami saves $$ \$144 $$ per month.
Rami saves $$ \$144 $$ per month.

Rami makes per month and puts
in a savings plan. How much does he
save per month?