Mr. Nazim was planning on depositing a certain amount of money each month into a college fund for hi children. He then decided not to make any contributions during June and July. To make the same annual contribution that he had originally planned, by what percent should he increase his monthly deposits?
Solution
Correct Answer: Option A
Assume he contributes [Math Processing Error]1200. Seeing that he missed two months: 1200 - 1000 = 200. Now, Increase percentage is = 200*100/1200 = 162/3 %
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