Stanley earns $1160 a month. He spends $540 every month and saves the rest. How much will he save in | MathCelebrity Forum

Stanley earns $1160 a month. He spends $540 every month and saves the rest. How much will he save in

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Stanley earns $1160 a month. He spends $540 every month and saves the rest. How much will he save in 4 years?

Calculate savings amount per month:
Savings amount per month = Earnings - Spend
Savings amount per month = 1160 - 540
Savings amount per month = 620

Convert years to months
4 years = 12 * 4 months
4 years = 48 months

Calculate total savings:
Total Savings = Savings per month * number of months saved
Total Savings = 620 * 48
Total Savings = $29,760

 
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