Ginger and her friends have saved $5000 for an upcoming vacation. They plan to spend 2/5 on travel and lodging and 1/4 of the remainder on meals. How much money will Ginger and her friends have to spend on meals?(1 point) Responses $500 $500 $750 $750 $1250 $1250 $2000

Answer 1

The total amount of money saved for the vacation is $5000.

2/5 of $5000 is spent on travel and lodging, which is equal to (2/5) * $5000 = $2000.

The remainder after spending on travel and lodging is $5000 - $2000 = $3000.

1/4 of this remainder is spent on meals, which is equal to (1/4) * $3000 = $750.

Therefore, Ginger and her friends will have $750 to spend on meals.

Answer: $750