Answer to Question #227073 in Financial Math for Corgan

Question

Lillie is saving up for a trip she is taking with friends during her break from school. If Lillie’s current monthly net pay is $560.00 and her monthly expenses are $347.49, what percent of her net pay is left for savings?

Answer 1

$Savings = net pay - expenses$

$= 560 - 347.49$

$= 212.51$

$\frac{Savings}{net pay} \ * \ 100 \%$

$37.95\%$ of the net pay will be left for savings.