Weiming receives a weekly pocket money of $28. If he decides to save 20% of it, find his saving in a year and spendings in a yea

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2 years ago

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1 answer:

Maru [420] · Answer 1 · 2023-02-17T07:51:05+03:00

Welming's spending is $1164.8 and his savings is $291.2

<h3>How to determine the savings and the spending?</h3>

The given parameters are:

Weekly pocket = $28

Save = 20%

There are 52 weeks in a year.

So, the yearly pocket is:

Yearly pocket = $28 * 52

Evaluate

Yearly pocket = $1456

He saves 20%.

So, we have:

Savings = 20% * $1456

Evaluate

Savings = $291.2

His spending is then calculated as:

Spending = $1456 - $291.2

Evaluate

Spending = $1164.8

Hence, Welming's spending is $1164.8 and his savings is $291.2