Answer:
8. 1483.33
9. 21 months
Step-by-step explanation:
8. Morgan's income after taxes is 55000/12 = 4583.33 per month. The amount available after expenses is 4583.33 -3100.00 = 1483.33 per month.
Morgan is able to put $1483.33 per month into savings.
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9. If Morgan is able to save $1483.33 per month, it will take her ...
$30,000/$1483.33 ≈ 20.2
months to save $30,000. After 20 months, she won't have quite enough, so it will take her one more month to save the desired amount.
It will take Morgan about 21 months to save $30,000.
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If you like, you can write an equation for "m", the number of months it will take Morgan to save 30,000:
1483.33×m = 30,000
m = 30,000/1483.33 ≈ 20.2 . . . . . . divide by the coefficient of m
