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
To calculate the amount Kaya will have saved after 8 months, we need to find 18% of her monthly paycheck and multiply it by 8.
18% of $1,525.00 = (18/100) * 1525 = $274.50
Therefore, Kaya will have saved $274.50 after 8 months.