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Alice's take-home pay last year was the same each month, and [#permalink]
14 May 2006, 04:53

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1.Alice's take-home pay last year was the same each month, and she saved the same fraction of her take-home pay each month.The total amount of money that she had saved at the end of the year was 3 times the amount of that portion of her monthly take-home pay that she did not save. If all the money that she saved last year was from her take-home pay, what fraction of her take-home pay did she save each month?

assume the monthly take home pay is 100
if she saves 20 each month then the savings for the year will be 240 which is 3 times 80 ( monthly non savings part)