Hey there!
First, let's take all of the expenses and change the ones that aren't monthly into monthly.
Groceries: $800/month
Car insurance: $87.5/month
Gasoline: $100/month
Now, let's add together all of our expenses
1090+800+125+87.5+100+200+50=2452.5
Now, we subtract that from her salary.
2300-2452.5=-152.5
Therefore, Rebecca's net monthly cash flow is -$152.5. She should spend a bit less on groceries, not do so much miscellaneous, find a place that charges less rent, drive less, etc. so she isn't spending more than she earns.
I hope that this helps! Have a wonderful day!
Answer:
$315
Step-by-step explanation:
You are going to want to use the simple interest formula for this. The one below is modified for solving the interest earned.
I = interest amount
P = principal amount
r = interest rate (decimal form)
t = time
Now we can plug in the values into the equation:
This means that Rachel earned $315 worth of interest in the 15 year period.
3y - x = a
To solve for y we isolate the y variable.
3y = x + a
y = (x + a)/3