Marissa is planning on creating a spreadsheet to help her track her expenses. Assume she wants to put 5% of her take-home pay into savings. Which of the following formulas would correctly calculate how much money she has to pay for expenses? a. 95 * take-home pay b. 0.95 * take home pay c. 0.05 * take home pay d. 5 * take home pay

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Marissa is planning on creating a spreadsheet to help her track her expenses.  Assume she wants to put 5% of her take-home pay into savings.  Which of the following formulas would correctly calculate how much money she has to pay for expenses?

a. 95 * take-home pay

b. 0.95 * take home pay

c. 0.05 * take home pay

d. 5 * take home pay

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