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Sagot :
Jessica's annual salary is $68571.43.
Data;
- percentage saved for housing = 28%
- amount saved annually = $1600
Percentage
This is the ratio of a number to the entire value and multiplied by 100
The percentage set aside for housing is given as 28% which is $1600.
Let find 28% of x which is equal to 1600
[tex]\frac{28}{100} = \frac{1600}{x}[/tex]
cross multiply both sides and solve for x
[tex]\frac{28}{100} = \frac{1600}{x}\\ 28*x = 100*1600\\28x = 160000\\[/tex]
Divide both sides by the coefficient of x
[tex]\frac{28x}{28} = \frac{160000}{28}\\ x = 5714.28[/tex]
Her monthly income is $5714.28.
Let's multiply this by 12 (months in a year) to determine her gross monthly income.
[tex]5714.28*12 = 68571.43[/tex]
From the above calculations, Jessica's annual salary is $68571.43.
Learn more on percentage here;
https://brainly.com/question/25567167
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