24maxwellj
Answered

Your parents have been advised to save 5% of their income for your college education,
which would include money for housing, tuition, books, and fees. How much would your
parents have saved in one year, following the recommended 5%, if they had an average
household income of $48,948? Show your work. please write a original answer



Answer :

devishri1977

Answer:

$ 2447.40

Step-by-step explanation:

Percentage:

Savings for education = 5% of income

                                     [tex]\sf = \dfrac{5}{100}*48948\\\\ = \dfrac{244740}{100}\\\\= \$ 2447.40[/tex]

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