Question

You need new shoes for work which cost $110. You earn $500, after taxes, each week and

you have other expenses totaling $420 each week. If you set aside the difference between
your income and expenses each week, how many pay periods will it take for you to save
enough money to buy the shoes?

Answer 1

2 pay periods.

500 earned every week, with 420 in expenses each week. 500-420 equals 80.

80x2 equals 160.

You need 110. After 2 weeks you’ll have enough money to buy your shoes.