Sure, here are the steps to solve this problem:

1. First, we need to find out how much Mr. Simes saves every week. We do this by multiplying his weekly earnings by the percentage he sets aside. In this case, that's $3360 * 7/100 = $235.2. So, Mr. Simes saves $235.2 every week.

2. Next, we need to find out how much he saves in a year. There are 52 weeks in a year, so we multiply the weekly savings by 52. That's $235.2 * 52 = $12,230.4.

So, Mr. Simes will accumulate $12,230.4 in his holiday savings account over one year.

Question

Sure, here are the steps to solve this problem:

1. First, we need to find out how much Mr. Simes saves every week. We do this by multiplying his weekly earnings by the percentage he sets aside. In this case, that's $3360 * 7/100 = $235.2. So, Mr. Simes saves $235.2 every week.

2. Next, we need to find out how much he saves in a year. There are 52 weeks in a year, so we multiply the weekly savings by 52. That's $235.2 * 52 = $12,230.4.

So, Mr. Simes will accumulate $12,230.4 in his holiday savings account over one year.

Knowee AI · Accepted Answer

Sure, here are the steps to solve this problem:

1. First, we need to find out how much Mr. Simes saves every week. We do this by multiplying his weekly earnings by the percentage he sets aside. In this case, that's $3360 * 7/100 = $235.2. So, Mr. Simes saves $235.2 every week.

2. Next, we need to find out how much he saves in a year. There are 52 weeks in a year, so we multiply the weekly savings by 52. That's $235.2 * 52 = $12,230.4.

So, Mr. Simes will accumulate $12,230.4 in his holiday savings account over one year.

Mr Simes earns $3360 every week, and sets aside 7% of this as his holiday savings account. How much will he accumulate in this account over one year

Question

Mr Simes earns $3360 every week, and sets aside 7% of this as his holiday savings account. How much will he accumulate in this account over one year?

Solution

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