Mr. Okove's annual salary is GH¢ 42,000.00. If 40% of his annual income goes to his children's school fees and 10% goes for rent, calculate i. cost of school fees. ii. Cost of rent. iii. balance remaining after 10% tithe deduction.

Mr. Okue's annual salary is GH¢ 42,000.00. i) Cost of school fees. Step 1: Calculate 40% of the annual salary for school fees. School fees = 40\% × GH¢ 42,000 School fees = (40)/(100) × 42,000 School fees = 0.40 × 42,000 = GH¢ 16,800 The cost of school fees is GH¢ 16,800.00. ii) Cost of rent. Step 1: Calculate 10% of the annual salary for rent. Rent = 10\% × GH¢ 42,000 Rent = (10)/(100) × 42,000 Rent = 0.10 × 42,000 = GH¢ 4,200 The cost of rent is GH¢ 4,200.00. iii) Balance remaining after 10% tithe deduction. Step 1: Calculate the total amount spent on school fees and rent. Total spent = School fees + Rent Total spent = GH¢ 16,800 + GH¢ 4,200 = GH¢ 21,000 Step 2: Calculate the remaining income after school fees and rent. Remaining income before tithe = Annual salary - Total spent Remaining income before tithe = GH¢ 42,000 - GH¢ 21,000 = GH¢ 21,000 Step 3: Calculate the 10% tithe deduction from the remaining income. Tithe deduction = 10\% × GH¢ 21,000 Tithe deduction = (10)/(100) × 21,000 Tithe deduction = 0.10 × 21,000 = GH¢ 2,100 Step 4: Calculate the final balance after the tithe deduction. Final balance = Remaining income before tithe - Tithe deduction Final balance = GH¢ 21,000 - GH¢ 2,100 = GH¢ 18,900 The balance remaining after the 10% tithe deduction is GH¢ 18,900.00. Send me the next one 📸