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 2 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? Choose the correct choice from the following options
A) 1/7 B) 1/6 C) 1/5 D) 1/4 E) 1/3
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 = 2Y   or 6X = Y   Total take-home salary= X+ 6X= 7X   hence, she saved 1/7-th portion of her take home salary   1/7
<result>A</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 2 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?