A young man received a salary of $315 per month. During the year he spends $480 for rent, $820 for food, $375 for clothing and $750 for other expenses. The amount he saves in one year is:
First, we need to calculate the total amount of money he spent in a year:
Total expenses = rent + food + clothing + other expenses
Total expenses = $480 + $820 + $375 + $750
Total expenses = $2,425
To find the amount he saved in one year, we need to subtract his total expenses from his total salary:
Amount saved = salary - total expenses
Amount saved = ($315 x 12) - $2,425
Amount saved = $3,780 - $2,425
Amount saved = $1,355
Therefore, the young man saved $1,355 in one year.
To find out the amount the young man saves in one year, we need to calculate his total expenses and subtract it from his total salary.
Total expenses per month = Rent + Food + Clothing + Other expenses
Total expenses per month = $480 + $820 + $375 + $750
Total expenses per month = $2425
Total expenses per year = Total expenses per month x 12
Total expenses per year = $2425 x 12
Total expenses per year = $29100
Amount saved in one year = Salary per year - Total expenses per year
Amount saved in one year = ($315 x 12) - $29100
Amount saved in one year = $3780 - $29100
Amount saved in one year = -$25320
Based on the given information, it seems like the young man is spending more than his salary, resulting in a negative amount saved in one year (-$25320). Please double-check the information provided.