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14 October, 11:14

Roberto's monthly pay is $4349.70. Each month he uses 2/5of his pay for his household expenses and 1/10 for his car payment. He deposits the rest into his savings account.

How much does Roberto deposit into his savings account each month?

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  1. 14 October, 11:29
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    Roberto deposits $2,174.85 to his savings account each month.

    Given:

    Monthly pay = 4,349.70

    Household expenses = 2/5 of his pay

    Car payment = 1/10 of his pay

    Savings = net of expenses.

    Household expenses:

    4,349.70 * 2/5 = 8,699.40/5 = 1,739.88

    Car payment:

    4,349.70 * 1/10 = 4,349.70/10 = 434.97

    Monthly pay: 4,349.70

    less: Household exp. 1,739.88

    less: Car payment 434.97

    Net of expenses 2,174.85 * deposit to savings account
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