SOLUTION: Mike's salary is $6,500 per month. He saves 15 of his monthly salary and spends the rest. How much money does Mike save every month? $ How much money does Mike spend every

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Question 990588: Mike's salary is $6,500 per month. He saves 15 of his monthly salary and spends the rest.
How much money does Mike save every month?
$
How much money does Mike spend every month?
$
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Mike's salary is $6,500 per month. He saves 15% of his monthly salary and spends the rest.
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Monthly salary:: 6500/12 = 541.67
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How much money does Mike save every month?
15%*541.67 = 0.15*541.67 = $81.25
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Cheers,
Stan H.
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