A man saves 20% of his income every year. If his income increases by 10% every year. How much does his savings increase every year ?
Rate of change of savings.
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algebra-precalculus
1 Answers
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To be formal about it, let his salary this year be $s$. How much does he save? What is his salary next year in terms of $s$? How much does he save next year? Divide this by the savings this year to get the increase.
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0I did that. But the increase is not uniform from year to year. – 2017-02-11
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0It is as a percentage. I believe that is what you are supposed to answer. – 2017-02-11