Gary earns $42,990 per year he is paid weekly he currently has a $456 per month car loan payment and he pays $1277 per year for auto insurance is one weeks paycheck enough to pay for his monthly auto loan and his monthly cost of insurance? Explain

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Answer:

Yes

Step-by-step explanation:

There are about 52 weeks in a year, 42,990 ÷ 52 = 826.73076 ,

1277 ÷ 12 = 106.41666

826.73076 - 106.41666 = 720.3141

720.3141 - 456 = 264.3141

Yes, one week's paycheck is enough to pay for his monthly auto loan and his monthly cost of insurance.


What is arithmetic?

In mathematics, it deals with numbers of operations according to the statements.

There are 52 weeks in a year,
Income of 1 week = $42,990/52 = 826.73
So his income of Gary for 1 week is $826.73

he pays $1277 per year for auto insurance
There are 12 months in a calender year
Monthly auto insurance pay = 1277/12 = 106.42

Pay for monthly auto insurance is $106.42
and he currently has a $456 per month car loan payment

Total pay = 106.42 + 456 = $562.42
Here, their income of Gary for a week is greater than the total pay,

Thus,  yes, one week's paycheck is enough to pay for his monthly auto loan and his monthly cost of insurance.



Learn more about arithmetic here:

brainly.com/question/14753192

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