A young man received a salary of $315 per month. During the year he spends $480 for rent, $820 for food, $375 for clothing and $750 for other expenses. The amount he saves in one year is:

Answer 1

First, we need to calculate the total amount of money he spent in a year:

Total expenses = rent + food + clothing + other expenses
Total expenses = $480 + $820 + $375 + $750
Total expenses = $2,425

To find the amount he saved in one year, we need to subtract his total expenses from his total salary:

Amount saved = salary - total expenses
Amount saved = ($315 x 12) - $2,425
Amount saved = $3,780 - $2,425
Amount saved = $1,355

Therefore, the young man saved $1,355 in one year.