# Answer to Question #10981 in Algebra for sherry

Question #10981

scott currently saves 15% of his income his annual income is 20925.00 how much more money would he be saving per month if he put aside 23% of his income instead ?

Expert's answer

The savings per month:

S1 = 20925.00 * 0.15 / 12 = 261.5625

And if he put

aside 23% of his income instead:

S2 = 20925.00 * 0.23 / 12 =

401.0625

S2 - S1 = 139.5000

S1 = 20925.00 * 0.15 / 12 = 261.5625

And if he put

aside 23% of his income instead:

S2 = 20925.00 * 0.23 / 12 =

401.0625

S2 - S1 = 139.5000

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