document.write( "Question 989097: My daughter got this question wrong and asked me to see why. When I tried to work the problem out myself, my answer of $719.90 was not listed as correct either. I tried 2/3 + 1/8 = 19/24, convert to .792 then .792 * 3461.04 = 2741.14 and subtract from $3461.04. The correct answer was listed as $721.05. I guess my question is what is the correct way to write out this problem and solve (rounded to the nearest cent per directions). \r
\n" ); document.write( "\n" ); document.write( "Patti's monthly pay is $3461.04. Each month she uses 2/3 of her pay for her household expenses and 1/8 for entertainment. She deposits the rest into her savings account. How much does Patti deposit into her savings account each month?\r
\n" ); document.write( "\n" ); document.write( "Any help would be greatly appreciated. \r
\n" ); document.write( "\n" ); document.write( "Sol'n\r
\n" ); document.write( "\n" ); document.write( "3461.04*(1-(2/3)-(1/8))
\n" ); document.write( "$721.05
\n" ); document.write( "

Algebra.Com's Answer #609542 by MathTherapy(10556)\"\" \"About 
You can put this solution on YOUR website!

\n" ); document.write( "My daughter got this question wrong and asked me to see why. When I tried to work the problem out myself, my answer of $719.90 was not listed as correct either. I tried 2/3 + 1/8 = 19/24, convert to .792 then .792 * 3461.04 = 2741.14 and subtract from $3461.04. The correct answer was listed as $721.05. I guess my question is what is the correct way to write out this problem and solve (rounded to the nearest cent per directions). \r
\n" ); document.write( "\n" ); document.write( "Patti's monthly pay is $3461.04. Each month she uses 2/3 of her pay for her household expenses and 1/8 for entertainment. She deposits the rest into her savings account. How much does Patti deposit into her savings account each month?\r
\n" ); document.write( "\n" ); document.write( "Any help would be greatly appreciated. \r
\n" ); document.write( "\n" ); document.write( "Sol'n\r
\n" ); document.write( "\n" ); document.write( "3461.04*(1-(2/3)-(1/8))
\n" ); document.write( "$721.05
\n" ); document.write( "
Since she uses \"2%2F3\" for household expenses and \"1%2F8\" for entertainment, she uses a total of \"2%2F3+%2B+1%2F8\", or \"16%2F24+%2B+3%2F24\", or \"19%2F24\".
\n" ); document.write( "Thus she has \"1+-+19%2F24\", or \"5%2F24\" left, so she deposits \"5%2F24\" of $3,461.04, or \"5%28%22%24%22144.21%29\", or \"highlight_green%28%22%24%22721.05%29\" in her savings account.
\n" ); document.write( "It's best sometimes to work these problems step-by-step, so there's less of a chance to make an error.
\n" ); document.write( "Your mistake was converting the fraction of what she spent (\"19%2F24\") to a decimal, which you ROUNDED OFF.
\n" ); document.write( "As you see your answer was off, so you can't do this. \n" ); document.write( "
\n" );