8
QuizMultiple Choice

Financial Goals

Question 8 • 26-27 RPA Financial Math - MA2007 IC

Tony works 22 hours per week. His take home pay is $15.80 per hour. If Tony is able to save all of his earnings, how long will it take him to save at least $4,800?

Answer
A
12 weeks
B
13 weeks
C
14 weeks
D
15 weeks

Explanation

Tony saves 22 × $15.80 = $347.60 per week. After 13 weeks, he would have saved $4,518.80, which is less than $4,800. After 14 weeks, he would have $4,866.40, so the correct choice is 14 weeks.

AI-written and checked against the verified answer.

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