Jim and Alice both work at Walmart. Jim makes $1,900/mo and Alice makes $2,400/mo. Their goal this year is to buy a boat for $15,000 in cash. Their new budget is
40% on food and lodging
20% on entertainment
10% educational
After one year, will Alice and JIm have enough cash to buy a boat?
(yes, I tried doing the problem several times and I am stuck)
Math Word Problem On Budgeting?
By Money F Posted in: Cash
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[(1900x12)+(2400x12)] x .3
= 15480
So YES