The Cole family's annual income is $193,273. The Cole's plan to add a savings plan to their budget. Beginning next month, they will save 20% of their total annual income.

How much will they save each year?
A.$38,654.60
B.$15,337.00
C.$36,244.60
D.$23,317.60

To determine how much the Cole family will save each year, we need to calculate 20% of their total annual income of $193,273.

Here's the calculation:
\[
\text{Amount saved per year} = 0.20 \times 193,273 = 38,654.60
\]

Thus, the Cole family will save **$38,654.60** each year.

The correct answer is **A. $38,654.60**.

Do you want more details on this calculation or have any other questions?

Here are 5 related questions:
1. If the Cole family increased their savings rate to 25%, how much would they save annually?
2. What is the monthly savings amount if they save 20% of their annual income?
3. How much would the Cole family save in 5 years at the current rate?
4. If their annual income increases by 5% next year, how much will their savings amount change?
5. What percentage of their income would they need to save to accumulate $50,000 per year?

**Tip:** To find a percentage of a number, multiply the number by the decimal form of the percentage. For example, 20% is written as 0.20.

The Cole family's annual income is $193,273. The Cole's plan to add a savings plan to their budget. Beginning next month, they will save 20% of their total annual income. How much will they save each year? A.$38,654.60 B.$15,337.00 C.$36,244.60 D.$23,317.60

Learn how to calculate the savings amount for the Cole family, who plan to save 20% of their annual income of $193,273. This problem covers basic percentage calculations and is suitable for students in Grades 6-8.

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