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 4 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?
Select the correct option.
A) 1/7	B) 1/5	C) 1/4	D) 1/3	E) 1/2
Suppose the portion of her salary that she saved is X   and the remaining portion is Y   X+Y= total take home salary   given, 12X = 4Y   or 3X = Y   Total take-home salary= X+ 3X= 4X   hence, she saved 1/4-th portion of her take home salary   1/4
<result>C</result>
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 4 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?