Kaya wants to buy a new gaming system, but it is expensive. She has decided to save 18%
of her paycheck each month until she can afford the new system that she wants. She earns $1,525.00
each month. She will have enough money after 8 months. How much will Kaya have saved after 8 months?
Responses
$2,196.00
2 dollars comma 196 point 0 0
$274.50
274 point 5 0 dollars
$2,745.00
2 dollars comma 745 point 0 0
$219.60
219 point 6 0 dollars
To find out how much Kaya will have saved after 8 months, we need to calculate 18% of her monthly income and then multiply it by the number of months.
First, we calculate 18% of Kaya's monthly income:
$1,525.00 * 0.18 = $274.50.
Then, we multiply the amount saved each month by the number of months:
$274.50 * 8 = $2,196.00.
So, Kaya will have saved $2,196.00 after 8 months.