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Alice's take-home pay last year was the same each month, and [#permalink]
31 Mar 2008, 12:00
100% (01:58) correct
0% (00:00) wrong based on 1 sessions
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?
HBS: Reimagining Capitalism: Business and Big Problems : Growing income inequality, poor or declining educational systems, unequal access to affordable health care and the fear of continuing economic distress...