question 8\n(01.03.01.04 mc)\nspencers average weekly net pay is $305.18. if he has $1,084.41 in monthly…

question 8\n(01.03.01.04 mc)\nspencers average weekly net pay is $305.18. if he has $1,084.41 in monthly expenses, what percent of his average monthly net pay is left over for savings?\n5%\n11%\n15%\n18%

question 8\n(01.03.01.04 mc)\nspencers average weekly net pay is $305.18. if he has $1,084.41 in monthly expenses, what percent of his average monthly net pay is left over for savings?\n5%\n11%\n15%\n18%

Answer

Explanation:

Step1: Calculate monthly net - pay

Since there are 4 weeks in a month, the average monthly net - pay is $305.18\times4 = 1220.72$.

Step2: Calculate amount for savings

The amount for savings is the monthly net - pay minus monthly expenses. So, $1220.72−1084.41 = 136.31$.

Step3: Calculate the percentage for savings

The percentage of monthly net - pay for savings is $\frac{136.31}{1220.72}\times100\approx11%$.

Answer:

11%