a college freshman started the year with $4000 in spending money and after three months,she has $2800 left.assume that she will
continue to spend her money at this same rate
1 answer:
Let's find out how much she spent every month.
4000 (starting money) - 2800 (remaining money) = 1200 spent over 3 months
1200/3 = 400 per month was spent
So if she continues to spend 400 a month?
How many months are left? 12 (months of the year) - 3 (months she already spent) = 9
So 9 (remaining months) * 400 (amt per month) = 3600 she'll spend at the going rate over 9 months.
But she only has 2800 left.
2800 (remaining) - 3600 (estimated total of spending) = -800
So she will be 800$ in debt at the end of the year at the current rate.
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