Question

LeeAnn earns an annual salary of $50,000 after taxes. Her average expenses per month come to $3,350. If she saves all the money that she doesn't use to pay expenses, how much will she have in savings at the end of the year?

Answer 1

$9,800, just took the test

Explanation:

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Answer 2

$9800

Explanation:

Given that:

Annual salary = $50,000

Average monthly expenses = $3350

Average amount spent per annum:

Number of months in a year = 12

12 * $3350 = $40,200

Since, all amount not used as expenses is saved :

Total amount saved = $50,000 - $40,200

Total amount saved = $9800