You are saving for a new $1226 (including taxes)laptop computer using earnings from your part-time job. At that job, you work 20 hours\week, earning $10.25\hour take home pay. If you can save 25% of all of your income, how many weeks will it take for you to save enough money?
A)48 weeks
B)24 weeks
C)12 weeks
D)6 weeks

Question

You are saving for a new $1226 (including taxes)laptop computer using earnings from your part-time job.  At that job, you work 20 hours\week, earning $10.25\hour take home pay.  If you can save 25% of all of your income, how many weeks will it take for you to save enough money?
A)48 weeks
B)24 weeks
C)12 weeks
D)6 weeks

Quizplus · Accepted Answer

First, calculate the weekly earnings: 20 hours/week * $10.25/hour = $205/week. Then, calculate the savings per week: 25% of $205 = $51.25/week. Finally, calculate the number of weeks needed to save $1226: $1226 / $51.25/week = approximately 23.92 weeks, which rounds up to 24 weeks.

You Are Saving for a New $1226 (Including Taxes)laptop Computer