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David earns $1080 a month. He spends $520 every month and saves the rest. How much will he save in 4 years?

Question

David earns 1080amonth.Hespends1080 a month. He spends 520 every month and saves the rest. How much will he save in 4 years?

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Solution

Sure, here are the steps to solve the problem:

Step 1: Calculate how much David saves each month. David earns 1080andspends1080 and spends 520. So, he saves 1080−1080 - 520 = $560 each month.

Step 2: Calculate how much David saves in a year. There are 12 months in a year. So, David saves 560∗12=560 * 12 = 6720 in a year.

Step 3: Calculate how much David saves in 4 years. David saves 6720inayear.So,in4years,hewillsave6720 in a year. So, in 4 years, he will save 6720 * 4 = $26,880.

So, David will save $26,880 in 4 years.

This problem has been solved

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