Answer to Question #112236 in Algebra for Yashi

Question

Connecting Integers to Finances

Imagine that you have graduated and obtained your ideal job! This project will help you connect what you have learned about integers to personal finances.

In this project, you will:

Learn to describe income using an equation.
Learn to evaluate your income based on given hours per week or a goal amount of money.
Learn to make reasonable conclusions about finances.
Connect the idea of positive and negative integers to credits and debits within accounts.

Answer 1

Let's suppose if I get a job whose CTC is 28 lpa

and the basic salary is 14 lakhs (including HRA, medical insurance)

joining bonus is 3 lakhs

tax deduction of 4 lakhs

and remaining is shares of the company

So my inhand salary for the month is 1 lakhs 10 thousand

25 thousand goes for my house

5000 for groceries

2000 for maid

5000 for outside food

12000 (3000*4) for weekends

5000 on travel

10000 this is the charity amount as I pay for a orphanage child's education

20000 Mutual fund SIP

Rest I send to my family