Question

In the process of making a financial forecast, Farid has been looking closely at his

variable expenses. Currently, each week he spends an average of $25 on food, $30 on
entertainment, and $40 on clothing and other purchases. If Farid reduced his variable
expenses in each of these three categories by $7 a week, how much would he save
over the course of one year?

Answer 1

1092

Explanation:

first calculate expense for each week;

25+30+40= 95

expense after saving

25-7= 18

30-7=23

40-7=33

18+23+33= 74

total saving for each week= 95-74=21

(you can also just do 7*3=21 to know total saving each week)

weeks in a year=

365 days/7= 52.14 = 52 weeks

total savings for the year= 52*21=$1092

Answer 2

• $1092

Explanation:

There are 3 variables

• Food, entertainment and clothing and other purchases

Saving amount is

• $7 per each variable per week

Total saving per week is

• $7*3 = $21

Saving per year considering 52 weeks per average year is:

• $21*52 = $1092