Question

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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

$2,196.00
2 dollars comma 196 point 0 0

$274.50
274 point 5 0 dollars

$2,745.00

Answer 1

To calculate how much Kaya will have saved after 8 months, we first need to find out how much she saves each month.

Kaya saves 18% of her monthly paycheck of $1,525.00.

1. Calculate 18% of $1,525.00:

\[
\text{Savings per month} = \text{Monthly Paycheck} \times \frac{18}{100} = 1,525 \times 0.18
\]

\[
\text{Savings per month} = 1,525 \times 0.18 = 274.50
\]

2. Now, we calculate her total savings over 8 months:

\[
\text{Total Savings} = \text{Savings per month} \times 8 = 274.50 \times 8
\]

\[
\text{Total Savings} = 2,196.00
\]

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

The correct response is:

**$2,196.00**