Question

how long will it take me to save for a cost that cost 23000 used if im get paid 14.35 an hour 40 hours of work

Answer 1

To determine how long it will take you to save for a cost of $23,000 while earning $14.35 an hour for 40 hours a week, we can follow these steps:

1. **Calculate Your Weekly Earnings:**
\[
\text{Weekly Earnings} = \text{Hourly Wage} \times \text{Hours Worked Per Week}
\]
\[
\text{Weekly Earnings} = 14.35 \times 40 = 574
\]

2. **Determine How Many Weeks It Will Take to Save $23,000:**
\[
\text{Number of Weeks} = \frac{\text{Total Cost}}{\text{Weekly Earnings}}
\]
\[
\text{Number of Weeks} = \frac{23000}{574} \approx 40.05
\]

3. **Convert Weeks into Months (if desired):**
If you want to convert the weeks to months, you can assume there are about 4.33 weeks in a month:
\[
\text{Number of Months} = \frac{\text{Number of Weeks}}{4.33} \approx \frac{40.05}{4.33} \approx 9.25
\]

So, it would take you approximately 40 weeks or about 9.25 months to save $23,000 at your current pay rate, assuming you save all your earnings.