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Math Word Problem on budgeting?

Jim and Alice both work at Walmart. Jim makes $1,900/mo and Alice makes $2,400/mo. Their goal this year is to buy a boat for $15,000 in cash. Their new budget is

40% on food and lodging

20% on entertainment

10% educational

After one year, will Alice and JIm have enough cash to buy a boat?

(yes, I tried doing the problem several times and I am stuck)

1 Answer

Relevance
  • 9 years ago
    Favorite Answer

    [(1900x12)+(2400x12)] x .3

    = 15480

    So YES

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