Question

Your realized income is 2,847.69/month. your fixed expenses are 36% of your monthly income. you decide to save 40% of your discretionary monies each month. how much do you save per month? [2847.69 - (2847.69*.36]*.4 = 729.01. you will save $729.01 per month. thanks for asking weegy!

Answer 1

If you would like to know how much do you save per month, you can calculate this using the following steps:

your expenses: 36% of 2,847.69 = 36% * 2,847.69 = 36/100 * 2,847.69 = 1,025.17
2,847.69 - 1,025.17 = 1,822.52

saving 40% of your discretionary money: 40% of 1,822.52 = 40% * 1,822.52 = 40/100 * 1,822.52 = 729.008 = 729.01

The correct result would be: You can save 729.01 per month.