Alice's take-home pay last year was the same each month, and she saved the same fraction of her take-home pay each month. The total amount of money that she has saved at the end of the year was 3 times the amount of that portion of her monthly take-home pay that she did not save. If all the money that she saved last year was from her take-home pay, what fraction of her take-home pay did she save each month?
(A) 1/2
(B) 1/3
(C) 1/4
(D) 1/5
(E) 1/6
The answer is (D).
Any help is greatly appreciated!!!
(A) 1/2
(B) 1/3
(C) 1/4
(D) 1/5
(E) 1/6
The answer is (D).
Any help is greatly appreciated!!!
