A young man received 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

To calculate the amount the young man saves in one year, we first need to determine his total annual income and his total annual expenses.

1. Calculate the annual income: Monthly salary = 315 Annual income = Monthly salary × 12 \[ \text{Annual income} = 315 \times 12 = 3780 \]

2. Calculate the annual expenses:

   • Rent = 480
   • Food = 820
   • Clothing = 375
   • Other expenses = 750

   Total annual expenses = Rent + Food + Clothing + Other expenses \[ \text{Total annual expenses} = 480 + 820 + 375 + 750 = 2425 \]

3. Calculate the annual savings: Annual savings = Annual income - Total annual expenses \[ \text{Annual savings} = 3780 - 2425 = 1355 \]

Therefore, the amount he saves in one year is 1355.