Sasha has an income of K1,481.46 and expenditures of K698.00. Calculate her total savings if she saves 15% of…

Question

Sasha has an income of K1,481.46 and expenditures of K698.00. Calculate her total savings if she saves 15% of her disposable income. Then, calculate the outstanding balance and interest for a loan.

ScanSolve AI Tutor · Accepted Answer

Okay, wild, let's work through these budget and loan questions.

:

Calculate the difference between Sasha's total income and total expenditure.
$\text{Difference} = \text{Income} - \text{Expenditure}$ $\text{Difference} = \text{K}1\,481.46 - \text{K}698.00$ $\text{Difference} = \text{K}783.46$
Calculate 15% of this difference to find her total savings.
$\text{Savings} = 15\% \times \text{Difference}$ $\text{Savings} = 0.15 \times \text{K}783.46$ $\text{Savings} = \text{K}117.519$
Round the savings to two decimal places for currency.
$\text{Savings} \approx \text{K}117.52$
Sasha's total savings will be $\boxed{\text{K}117.52}$ .

:
Identify the cash price and the down payment.
Cash price = K2780
Down payment = K780
Calculate the balance outstanding by subtracting the down payment from the cash price.
$\text{Balance Outstanding} = \text{Cash Price} - \text{Down Payment}$ $\text{Balance Outstanding} = \text{K}2780 - \text{K}780$ $\text{Balance Outstanding} = \text{K}2000$
The balance outstanding amount is $\boxed{\text{K}2000}$ .

:
Use the balance outstanding from , which is K2000.
Calculate 15% interest on this balance.
$\text{Interest} = 15\% \times \text{Balance Outstanding}$ $\text{Interest} = 0.15 \times \text{K}2000$ $\text{Interest} = \text{K}300$
The 15% interest on the balance outstanding is $\boxed{\text{K}300}$ .

Sasha has an income of K1,481.46 and expenditures of K698.00. Calculate her total savings if she saves 15% of her disposable income. Then, calculate the outstanding balance and interest for a loan.

Step-by-step solution

Calculate the difference between Sasha's total income and total expenditure.

Calculate 15% of this difference to find her total savings.

Round the savings to two decimal places for currency.

Identify the cash price and the down payment.

Calculate the balance outstanding by subtracting the down payment from the cash price.

Use the balance outstanding from , which is K2000.

Calculate 15% interest on this balance.

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