SOLUTION: Kyle buys a $2 lottery ticket everyday, 7 days a week. He makes about $500 a week. How much is Kyle spending on lottery tickets each: Week? year? What percent of Kyle's bud

Question 1036030: Kyle buys a $2 lottery ticket everyday, 7 days a week. He makes about $500 a week.
How much is Kyle spending on lottery tickets each:
Week?
year?
What percent of Kyle's budget is going toward lottery tickets? ____%
Is this reasonable?
Answer by Aldorozos(172) (Show Source): You can put this solution on YOUR website!
7 times 2 = 14 weekly
14/500 = 2.8% It depends on what we consider as being reasonable. Mathematically and logically speaking, smart people should stay away from lottery. The concept is the same as when describing the casinos, they say that the house wins.
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