Mr Shea saved $2500 in April. His monthly salary is two times the amount he saved in April. In May, he saved a certain amount of money. He spent $4200 more than the amount he saved. How much did he save in May?
Please explain in easy to understand equations. I am mathematically challenged.
5000
8000
To solve this problem, let's break it down step by step.
We are given that Mr. Shea saved $2500 in April. Since his monthly salary is two times the amount he saved in April, we can calculate his monthly salary as follows:
Monthly salary = 2 * Amount saved in April
= 2 * $2500
= $5000
Now, let's focus on May. We need to find out how much Mr. Shea saved in May.
Let's assume he saved X amount of money in May.
We also know that Mr. Shea spent $4200 more than the amount he saved in May. So his expenses for May can be calculated as:
Expenses = Amount saved in May + $4200
Now, we can set up an equation using the information given:
Monthly salary = Amount saved in May + Expenses
$5000 = X + (X + $4200)
Simplifying the equation, we have:
$5000 = 2X + $4200
Subtract $4200 from both sides of the equation:
$800 = 2X
Finally, divide both sides of the equation by 2 to solve for X:
X = $400
Therefore, Mr. Shea saved $400 in May.