C) Your parents have been advised to save 5% of their income for your college education

Mathematics

2 answers:

Svet_ta [12.7K]1 month ago

7 0

48,948 * 5% = 2447.4

AnnZ [12.3K]1 month ago

4 0

Answer:

Your parents will accumulate $2447.40 in savings over a year.

Step-by-step explanation:

Your parents are advised to reserve 5% of their income for your college tuition.

Their total income amounts to $48,948.

Consequently, 5% of this value equals $0.05\times48948=2447.40$ dollars.

Thus, your family will have saved $2447.40 within a year.

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