Question

A 2-column table has 9 rows. The first column is labeled monthly expenses with entries rent, utilities phone internet, groceries, entertainment, renters insurance, car/insurance/gas, discretionary spending, total expenditures, net savings. The second column is labeled amount budgeted with entries 600, 230, 300, 50, 20, 475, 75, 1,850, 100 dollars. You have decided to set a new goal of saving at least $4,500 over the course of the next year. You already have $900 saved. By how much would you need to increase your monthly net savings in order to meet this goal? $100 $150 $200 $250

Answer 1

Answer:

200

Explanation:

right on edge

Answer 2

Based on your current level of saving, you need to increase your monthly net saving by $200 to meet your target.

Amount that you need to save next year.

You have already saved $900 and you want to get to $4,500. The amount left is:
= 4,500 - 900

= $3,600

Monthly savings

To get to $3,600, you need to save:

= 3,600 / 12 months

= $300

What should you increase your net saving by?

You currently save $100 so you need to increase by:

= 300 - 100

= $200

In conclusion, you need to increase savings by $200.

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