David earns $1080 a month. He spends $520 every month and saves the rest. How much will he save in 4 years?
Question
David earns 520 every month and saves the rest. How much will he save in 4 years?
Solution
Sure, here are the steps to solve the problem:
Step 1: Calculate how much David saves each month. David earns 520. So, he saves 520 = $560 each month.
Step 2: Calculate how much David saves in a year. There are 12 months in a year. So, David saves 6720 in a year.
Step 3: Calculate how much David saves in 4 years. David saves 6720 * 4 = $26,880.
So, David will save $26,880 in 4 years.
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