Answer:
The saving amount per month is $ 735.8 And
The Expenses amount per month is $2,207.4
Step-by-step explanation:
Given as :
The total per month income = $2,943.20
The saving percentage amount per month = 25% of discretionary money
So , The saving amount per month = 25 % of $2,943.20
= .25 × $2,943.20 = $735.8
The amount which is fixed as each month expenses = total monthly income - total monthly saving
So, Expenses amount per month = $2,943.20 - $735.8
= $2,207.4
Hence The saving amount per month is $ 735.8 And The Expenses amount per month is $2,207.4 Answer
The amount you save per month if you take 25% of your discretionary monies and put it in a savings account is $2207.4
Given the following parameters
Income realized = $2,943.20 /month.
If 25% of your discretionary monies and put it in a savings accoun, the total amount removed is expressed as;
0.25 * $2,943.20 = $735.8
The amount to be saved monthly after removal is given as;
Amount saved = $2,943.20 - 735.8
Amount saved = 2207.4 dollars
Hence the amount you save per month if you take 25% of your discretionary monies and put it in a savings account is $2207.4
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