Question
Philip earns $6,500 a month working for the family business. Each month, he pays $4,000 toward credit card payments, a mortgage, and student loan debt.
Philip earns $6,500 a month working for the family business. Each month, he pays $4,000 toward credit card payments, a mortgage, and student loan debt. He spends $1,500 monthly on living expenses and saves the remaining amount.
What is Philip's savings ratio rounded to the nearest percent?
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Macroeconomics
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
3rd Canadian edition
1319120083, 1319120085, 1319190111, 9781319190118, 978-1319120054
