Karl's monthly expenses are $3,000. Of this 1/4 is for the mortgage payment, 1/8 is for credit cards, 2/5 if for the car payment, and the rest is for food and miscellaneous expenses. What is the amount of Karl's car payment?
2/5 * 3,000 = ?
To find the amount of Karl's car payment, we need to calculate 2/5 of his monthly expenses.
Step 1: Calculate 2/5 of $3,000:
2/5 * $3,000 = $1,200
Therefore, the amount of Karl's car payment is $1,200.