Kaya wants to buy a new gaming system, but it is expensive. She has decided to save 18%

Question

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
2 dollars comma 745 point 0 0

$219.60

Answer 1

To find out how much Kaya will save after 8 months by saving 18% of her monthly paycheck, we first need to calculate how much she saves each month.

1. Calculate 18% of her monthly paycheck: \[ \text{Savings per month} = 0.18 \times 1525 = 274.50 \]

2. Now, calculate the total savings after 8 months: \[ \text{Total savings after 8 months} = 274.50 \times 8 = 2196.00 \]

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