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, we start by calculating how much she saves each month.

Kaya's monthly savings amount is 18% of her paycheck:

\[ \text{Monthly Savings} = 0.18 \times \text{Monthly Income} \] \[ \text{Monthly Savings} = 0.18 \times 1,525 = 274.50 \]

Now, we calculate how much she will save in 8 months:

\[ \text{Total Savings after 8 months} = \text{Monthly Savings} \times 8 \] \[ \text{Total Savings after 8 months} = 274.50 \times 8 = 2,196.00 \]

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

The correct response is:

$2,196.00