week 4 (unit 1 review)\nassume that you work 40 hours per week at the minimum wage of $15.50. you pay $1600…

week 4 (unit 1 review)\nassume that you work 40 hours per week at the minimum wage of $15.50. you pay $1600 per month for rent and $530 per month for a car payment.\na) how much money will you make in a month? (assume there are 4 weeks in a month)\n$2480\n<\nb) after paying rent and your car payment, how much money do you have left for groceries and other essentials?\n350\n<\npossible points 7.69\n3 of 13

week 4 (unit 1 review)\nassume that you work 40 hours per week at the minimum wage of $15.50. you pay $1600 per month for rent and $530 per month for a car payment.\na) how much money will you make in a month? (assume there are 4 weeks in a month)\n$2480\n<\nb) after paying rent and your car payment, how much money do you have left for groceries and other essentials?\n350\n<\npossible points 7.69\n3 of 13

Answer

Explanation:

Step1: Calculate monthly income

Calculate the weekly - wage and then monthly income. Weekly wage is $15.50 per hour and 40 hours per week. Monthly income $I$ (with 4 weeks in a month) is $I = 15.50\times40\times4$. $I=15.50\times160 = 2480$

Step2: Calculate remaining money

Subtract rent and car - payment from monthly income. Rent is $1600$ per month and car - payment is $530$ per month. Let the remaining money be $R$. Then $R=2480-(1600 + 530)$. $R=2480 - 2130=350$

Answer:

a) $2480$ b) $350$