Question

Fran brings home $225 per week working 15 hours of which she is able to save $40. Fran wants to have $1,400 saved at the end of 20 weeks. She may work up to 18 hours per week if she wants. She can save all of the money earned working the extra hours. Which of the following statements is true?

a.
Fran will meet her goal working 15 hours per week.
b.
Fran must work 17 hours per week to meet her goal.
c.
Fran must work 18 hours per week to meet her goal.
d.
Fran will not be able to reach her goal.

Answer 1

Fran will have a base amount of $800 saved at the end of the 20 weeks assuming she continues to get at least 15 hours and her expenses don't increase (40x20 =800). At a net pay rate of $15 per hour (225/15=15), she will need to work an additional two hours per week for a total of 17 hours to earn the $600 needed to meet her goal. [15x2= 30, 30x20=600]