Cole earned $1000 less than Jay each month. Both of them spent $2280 each month and saved the rest of their salaries. After a few months, Cole saved $4060 and Jay saved $7000.
- How much did Cole earn each month?
- Cole wanted to go on a trip that would cost him $6380. How many months did he have to save?
(a)
Amount that Jay saved more than Cole each month = $1000
Total amount that Jay saved more than Cole
= 7000 - 4060
= $2940
Number of months that each of them earned
= 2940 ÷ 420
= 7
Amount that Cole's savings each month
= $4060 ÷ 7
= $580
Amount that Cole earned each month
= 2280 + 580
= $2860
(b)
Remaining amount that Jay had to save
= 6380 - 4060
= $2320
Number of more months that Jay needed to save
= 2320 ÷ 580
= 4
Answer(s): (a) $2860 ; (b) 4