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James earns $4500 per month and spends $1200 on rent, $600 on food, and $400 on transportation. He wants to save the rest. How much money will James save at the end of the month?
| 2,300
|
Rent + Food + Transport = 1200 + 600 + 400 = 2200. Income = 4500. Savings = 4500 - 2200 = 2300.
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Sasha has a credit card balance of $2000 with an annual interest rate of 18%. If she makes no payments for one month, how much interest will be added to her balance?
| 30
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Monthly interest rate = 18% / 12 = 1.5%. Interest = 2000 * 0.015 = 30.
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Luis deposits $1000 into a savings account that earns 5% annual interest, compounded annually. How much will he have after 2 years?
| 1,102.5
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Year 1: 1000 * 1.05 = 1050. Year 2: 1050 * 1.05 = 1102.5.
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Emily earns $3200 per month. She spends 25% of her income on rent and 15% on food. How much money does she have left after paying for rent and food?
| 1,920
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Rent = 3200 * 0.25 = 800, Food = 3200 * 0.15 = 480. Left = 3200 - 800 - 480 = 1920.
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Tom is saving $300 every month. How much will he save in a year if he continues this habit?
| 3,600
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Monthly savings = 300. Annual savings = 300 * 12 = 3600.
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Anna took a loan of $5000 at an annual interest rate of 10%. How much interest will she owe after one year?
| 500
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Interest = 5000 * 0.10 = 500.
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David invests $2000 in a bond that gives 6% simple interest annually. How much will he earn in interest after 3 years?
| 360
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Interest = 2000 * 0.06 * 3 = 360.
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Lena bought groceries for $120, clothes for $80, and electronics for $300. What is the total amount she spent?
| 500
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Total = 120 + 80 + 300 = 500.
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Ryan wants to buy a laptop that costs $1500. He has saved $900. How much more does he need?
| 600
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Need = 1500 - 900 = 600.
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Olivia has a monthly income of $5000. She spends 30% on housing, 10% on transportation, and 20% on other expenses. How much does she save?
| 2,000
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Total spending = 30% + 10% + 20% = 60% = 3000. Savings = 5000 - 3000 = 2000.
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