Question

Sam is thinking of retiring from his job after many years of faithful service. during the last 35 years at his job, his annual salary averages to $37,991. every month, his bills total $1,755. how much money would sam need each month to supplement his monthly social security benefit (assuming his annual benefit is 42% of his salary average) and still be able to pay his bills? a. at least $81.23 b. at least $425.32 c. at least $1,410.92 d. at least $3,019.67

Answer 1

Using proportions, the amount of money that Sam would need each month to pay his bills is of:

b. at least $425.32.

What is a proportion?

A proportion is a fraction of a total amount, and the measures are related using a rule of three.

In this problem, his annual social security benefit is of 42% of $37,991, hence:

A = 0.42 x 37991 = $15,956.22.

Hence the monthly amount is given by:

M = 15956.22/12 = $1,329.68

He needs $1,755 monthly, hence the amount he needs is of at least:

An = 1755 - 1329.68 = $425.32.

Which means that option b is correct.

More can be learned about proportions at brainly.com/question/24372153

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