140k views
0 votes
Did I do the first question right? can anyone please help me with the 2nd question? Would really appreciate the Help​

Did I do the first question right? can anyone please help me with the 2nd question-example-1

1 Answer

7 votes

Answer:

8. 1483.33

9. 21 months

Explanation:

8. Morgan's income after taxes is 55000/12 = 4583.33 per month. The amount available after expenses is 4583.33 -3100.00 = 1483.33 per month.

Morgan is able to put $1483.33 per month into savings.

__

9. If Morgan is able to save $1483.33 per month, it will take her ...

$30,000/$1483.33 ≈ 20.2

months to save $30,000. After 20 months, she won't have quite enough, so it will take her one more month to save the desired amount.

It will take Morgan about 21 months to save $30,000.

_

If you like, you can write an equation for "m", the number of months it will take Morgan to save 30,000:

1483.33×m = 30,000

m = 30,000/1483.33 ≈ 20.2 . . . . . . divide by the coefficient of m

User Erselan Khan
by
9.3k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories