many plans to save 1/12 of this salary each week. if this week salary is $ 336. find the amount he will save each week
The correct answer and explanation is:
To find the amount he will save each week, first note that he plans to save 1/12 of his weekly salary. The weekly salary is given as $336.
Step 1: Identify the fraction of the salary to save.
He wants to save 1/12 of the salary each week.
Step 2: Calculate the saving amount.
Multiply the weekly salary by the fraction to save:
Saving amount = (1/12) × $336
Step 3: Perform the multiplication.
Divide $336 by 12:
$336 ÷ 12 = $28
So, the amount he will save each week is $28.
Explanation:
Saving a fraction of income is a common financial practice to manage money wisely. In this case, saving 1/12 means dividing the total weekly salary into 12 equal parts and setting aside one of those parts as savings. Since the weekly salary is $336, dividing it by 12 gives the amount designated for saving.
Breaking down the salary into smaller parts helps make the saving process more manageable and consistent. If the salary remains the same every week, saving $28 weekly will accumulate over time, building a financial reserve. This approach encourages disciplined saving and can help achieve future financial goals.
In summary, calculating a fraction of a total amount involves multiplying the total by the fraction, which is equivalent to dividing the total by the denominator of the fraction. Here, dividing $336 by 12 gives the exact weekly saving amount of $28. This amount is practical and easy to track for weekly budgeting.