Sure, here are the steps to solve the problem:

Step 1: Calculate how much Mr. Tan saves each month.
Mr. Tan earns $2720 and spends $1680. So, his savings each month is $2720 - $1680 = $1040.

Step 2: Calculate how much he saves in a year.
There are 12 months in a year. So, Mr. Tan saves $1040 * 12 = $12480 in a year.

Step 3: Calculate how much he saves in 5 years.
Mr. Tan saves $12480 in a year. So, in 5 years, he will save $12480 * 5 = $62400.

So, Mr. Tan will save $62400 in 5 years.

Question

Sure, here are the steps to solve the problem:

Step 1: Calculate how much Mr. Tan saves each month.
Mr. Tan earns $2720 and spends $1680. So, his savings each month is $2720 - $1680 = $1040.

Step 2: Calculate how much he saves in a year.
There are 12 months in a year. So, Mr. Tan saves $1040 * 12 = $12480 in a year.

Step 3: Calculate how much he saves in 5 years.
Mr. Tan saves $12480 in a year. So, in 5 years, he will save $12480 * 5 = $62400.

So, Mr. Tan will save $62400 in 5 years.

Knowee AI · Accepted Answer

Sure, here are the steps to solve the problem:

Step 1: Calculate how much Mr. Tan saves each month.
Mr. Tan earns $2720 and spends $1680. So, his savings each month is $2720 - $1680 = $1040.

Step 2: Calculate how much he saves in a year.
There are 12 months in a year. So, Mr. Tan saves $1040 * 12 = $12480 in a year.

Step 3: Calculate how much he saves in 5 years.
Mr. Tan saves $12480 in a year. So, in 5 years, he will save $12480 * 5 = $62400.

So, Mr. Tan will save $62400 in 5 years.

Mr Tan earns $2720 a month. He spends $1680 every month and saves the rest. How much will he save in 5 years?