Question

The Rodriguez family has a fixed incomeof $4,000 a month. Their fixed expensesare $1,800 a month. They save at leastone fourth of the remaining income eachmonth. What is the minimum amountsaved by the Rodriguez family in a year?

Answer 1

we know that

The Rodriguez family has a fixed income of $4,000 a month.

Their fixed expenses are $1,800 a month

so

The remaining amount in a month is

4,000-1,800=$2,200

The one fourth of the remaining income is

(1/4)(2,200)=$550

To find out the minimum amount in a year, multiply $550 by 12

550*(12)=$6,600

therefore

the answer is

$6,600