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Aaron earns $2280 a month. He spends $1570 every month and saves the rest. How much will he save in 5 years?

Question

Aaron earns 2280amonth.Hespends2280 a month. He spends 1570 every month and saves the rest. How much will he save in 5 years?

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Solution

Sure, here are the steps to solve the problem:

  1. First, we need to find out how much Aaron saves each month. We do this by subtracting his monthly expenses from his monthly earnings. So, 2280(earnings)2280 (earnings) - 1570 (expenses) = 710.ThismeansAaronsaves710. This means Aaron saves 710 each month.

  2. Next, we need to find out how much he saves in a year. Since there are 12 months in a year, we multiply his monthly savings by 12. So, 710x12=710 x 12 = 8520. This means Aaron saves $8520 in a year.

  3. Finally, we need to find out how much he saves in 5 years. We do this by multiplying his annual savings by 5. So, 8520x5=8520 x 5 = 42600.

Therefore, Aaron will save $42600 in 5 years.

This problem has been solved

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