Linda earned an income of $3,000 per month, which has now increased to $3,500 per month. She saves 10 percent and spends the remainder on food, lodging and other expenses. So far, she has managed to save $20,000. What is the change in her saving per month after the increase in income?
A) $500
B) $450
C) $350
D) $300
E) $50

Question

Quizplus · Accepted Answer

Linda's initial savings per month was 10% of $3,000, which is $300. After the increase, her savings per month is 10% of $3,500, which is $350. The change in her savings per month is $350 - $300 = $50.

Linda Earned an Income of $3,000 Per Month, Which Has