Fran brings home \$225 per week working 15 hours of which she is able to save \$40. Fran wants to have \$1,400 saved at the end of 20 weeks. She may work up to 18 hours per week if she wants. She can save all of the money earned working the extra hours. Which of the following statements is true? a. Fran will meet her goal working 15 hours per week. b. Fran must work 17 hours per week to meet her goal. c. Fran must work 18 hours per week to meet her goal. d. Fran will not be able to reach her goal.
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Answer: Fran must work 17 hours per week to meet her goal. Fran brings home \$225 per week working 15 hours of which she is able to save \$40. Fran wants to have \$1,400 saved at the end of 20 weeks. On 15 hours, Fran can save \$40 x 20 = \$800 over 20 weeks. Fran earns \$225 / 15 = \$15 per hour. So if she works 2 extra hours (= 17 hours) she can earn - and save - an extra \$15 x 2 = \$30 per week = 30 x 20 = \$600 over 20 weeks. \$800 + \$600 = her target of \$1,400.
Question
Updated 12/7/2015 11:48:09 AM
Rating
8
Answer: Fran must work 17 hours per week to meet her goal.
Fran brings home \$225 per week working 15 hours of which she is able to save \$40. Fran wants to have \$1,400 saved at the end of 20 weeks.
On 15 hours, Fran can save \$40 x 20 = \$800 over 20 weeks.
Fran earns \$225 / 15 = \$15 per hour.
So if she works 2 extra hours (= 17 hours) she can earn - and save - an extra \$15 x 2 = \$30 per week = 30 x 20 = \$600 over 20 weeks.
\$800 + \$600 = her target of \$1,400.

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