1. **State the problem:**
You have a monthly income of $3000. You budgeted certain amounts for expenses and savings, but actual spending differs. We need to find out what happened to your savings last month.
2. **Given data:**
- Income = $3000
- Budgeted savings = $800
- Actual expenses:
- House Payment = $1269.97
- Utilities = $382.33
- Car Payment = $224.68
- Groceries = $174.96
- Entertainment = $55.75
3. **Calculate total actual expenses excluding savings:**
$$1269.97 + 382.33 + 224.68 + 174.96 + 55.75 = 2107.69$$
4. **Calculate actual savings:**
Since total income is $3000 and total actual expenses plus savings must equal $3000,
Let actual savings be $S$.
$$2107.69 + S = 3000$$
5. **Solve for $S$:**
$$S = 3000 - 2107.69$$
$$S = 892.31$$
6. **Interpretation:**
Your actual savings last month was $892.31$, which is greater than the budgeted $800$.
**Final conclusion:** Your savings last month was greater than $800$.
Monthly Savings C94Cd3
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