singh21 wrote: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!!!
ANOTHER WORD - PUZZLE - QUESTION!!
Alice's take-home pay last year was the same each month,
P, and she saved the same fraction of her take-home pay each month.
S The total amount of money that she has saved at the end of the year
12S was 3 times the amount of that portion of her monthly take-home pay that she did
not save.
P-S 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?
12S=3(P-S)
4S=P-S
P=5S
S = 1/5 P
And yes majority of the people, who did not read the stem carefully, chose 1/4 ...
Always remember the famous quote whenever you see a EASY looking question...
The devil's best trick is to persuade you that he doesn't exist :twisted:
LGTCH
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