Approximately what percent of Eli’s GROSS (before-tax) monthly income is deposited into his two savings accounts?

Eli has a net (after-tax) monthly income of $2000. Each month, he takes his check to the bank, deposits most into his three accounts, and receives some cash for miscellaneous expenses.

The money is distributed as shown in the table below.

Approximately what percent of Eli’s GROSS (before-tax) monthly income is deposited into his two savings accounts?
A . 2.5%
B . 5.0%
C . 7.5%
D . 10.0%
E . Not enough information is given.

View Answer

Answer: E