SOLUTION: Joel spends 1/2 of his monthly income on food and rent, 1/4 of his income on clothing and 1/12 on entertainment. He saves the rest which is $500. What is his monthly income?
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Question 884721: Joel spends 1/2 of his monthly income on food and rent, 1/4 of his income on clothing and 1/12 on entertainment. He saves the rest which is $500. What is his monthly income? Answer by ewatrrr(24785) (Show Source):
You can put this solution on YOUR website! T - .5T - .25T - T/12 = 500 |Multiplying thru by 12 so as all denominators = 1
12T - 6T - 3T - T = 6000
2T = 6000
T = $3000, his monthly income
