Question

Kaya wants to buy a new gaming system, but it is expensive. She has decided to save 18%
of her paycheck each month until she can afford the new system that she wants. She earns $1,525.00
each month. She will have enough money after 8 months. How much will Kaya have saved after 8 months?(1 point)
Responses

Answer 1

To determine how much Kaya will save after 8 months, we first need to calculate how much she saves each month.

1. **Calculate monthly savings:**
\[
\text{Monthly savings} = 18\% \text{ of } \$1,525.00 = 0.18 \times 1,525 = \$274.50
\]

2. **Calculate total savings after 8 months:**
\[
\text{Total savings} = \text{Monthly savings} \times 8 = \$274.50 \times 8 = \$2,196.00
\]

Thus, after 8 months, Kaya will have saved **$2,196.00**.