Mr Tan earns $1120 a month. He spends $530 every month and saves the rest. How much will he save in 4 years?

Question

Mr Tan earns $1120 a month. He spends $530 every month and saves the rest. How much will he save in 4 years?
🧐 Not the exact question you are looking for?Go ask a question

Solution 1

Sure, here are the steps to solve the problem:

Step 1: Calculate how much Mr. Tan saves each month by subtracting his monthly expenses from his monthly earnings. $1120 (earnings) - $530 (expenses) = $590 (savings per month)

Step 2: Calculate how much he saves in a year. Since there are 12 months Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

This problem has been solved

Similar Questions

Mr Tan earns $1120 a month. He spends $530 every month and saves the rest. How much will he save in 4 years?

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

Eric earns $2360 a month. He spends $1590 every month and saves the rest. How much will he save in 5 years?

Eddie earns $2800 a month. He spends $1700 every month and saves the rest. How much will he save in 5 years?

For every £200 that Mr Sugar earns, he saves £34. Work out £34 as a percentage of £200.

1/2