To calculate this, we first need to determine how much you will be earning per hour during overtime.
Your regular wage is $12.00 per hour, and during overtime, you will earn time-and-a-half, which is $12.00 x 1.5 = $18.00 per hour.
So, during overtime, you will be earning $18.00 - $12.00 = $6.00 per hour extra.
To save $3,000 for your car, and if you are earning an extra $6.00 per hour during overtime, you will need to work $3,000 / $6.00 = 500 hours of overtime to reach your goal.
Since you are working one extra hour per day, you will be working 5 extra hours per week.
Thus, you will need to work 500 hours / 5 hours per week = 100 weeks to save $3,000 for your car.
You are trying to increase whole monthly savings to buy a used car. Your boss allows you to work one hour of overtime at time-and-half 5 days per week. Your regular wage is $12.00 per hour. You want to save $3,000 for your car. Approximately how many weeks must you work with the extra hour per day to reach your goal?
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