Questions: Sue saves 16.50 each week out of her paycheck of 550. What percent of her paycheck does her savings represent? Sue saves % of her paycheck.

Transcript text: Sue saves $\$ 16.50$ each week out of her paycheck of $\$ 550$. What percent of her paycheck does her savings represent? Sue saves $\square$ $\%$ of her paycheck.

Solution

Solution Steps

To find the percentage of Sue's paycheck that her savings represent, we need to divide the amount she saves by her total paycheck and then multiply the result by 100 to convert it to a percentage.

Step 1: Calculate the Savings Percentage

To find the percentage of Sue's paycheck that her savings represent, we use the formula:

\[ \text{Percentage of Savings} = \left( \frac{\text{Savings}}{\text{Paycheck}} \right) \times 100 \]

Substituting the values:

\[ \text{Percentage of Savings} = \left( \frac{16.50}{550} \right) \times 100 \]

Step 2: Perform the Calculation

Calculating the fraction:

\[ \frac{16.50}{550} = 0.03 \]

Now, multiplying by 100:

\[ 0.03 \times 100 = 3.0 \]