Question

molly’s monthly income 4,150 she spends 35% of her income of living put 15% into saving and uses the rest. how much money did molly have as spending money

Answer 1

Molly has $2,075 left as her spending money after allocating funds for living expenses and savings.

Step-by-step explanation:

To calculate how much money Molly has for spending money after allocating portions for living expenses and savings, we can follow these steps:

Calculate the amount spent on living expenses: $4,150 * 35% = $1,452.50.

Calculate the amount put into savings: $4,150 * 15% = $622.50.

Add the amount spent on living expenses and savings to find the total amount allocated: $1,452.50 + $622.50 = $2,075.

Subtract this total from the initial income to find the amount of spending money: $4,150 - $2,075 = $2,075.

Thus, Molly has $2,075 left as her spending money.