Stanley earns $1160 a month. He spends $540 every month and saves the rest. How much will he save in

Discussion in 'Calculator Requests' started by math_celebrity, Oct 11, 2021.

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  1. math_celebrity

    math_celebrity Administrator Staff Member

    Stanley earns $1160 a month. He spends $540 every month and saves the rest. How much will he save in 4 years?

    Calculate savings amount per month:
    Savings amount per month = Earnings - Spend
    Savings amount per month = 1160 - 540
    Savings amount per month = 620

    Convert years to months
    4 years = 12 * 4 months
    4 years = 48 months

    Calculate total savings:
    Total Savings = Savings per month * number of months saved
    Total Savings = 620 * 48
    Total Savings = $29,760

     

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