QuestionAli earns RM2500 monthly, pays RM500 rent, saves RM250. What fraction of his remaining money does he have?

Studdy Solution

STEP 1

Assumptions1. Ali's monthly income is RM2500. His house rent is RM5003. His savings in ASB account is RM250

STEP 2

First, we need to find the total amount of money Ali spends. This includes his house rent and savings.
$Total\, expenses = House\, rent + Savings$

STEP 3

Now, plug in the given values for the house rent and savings to calculate the total expenses.
$Total\, expenses = RM500 + RM250$

STEP 4

Calculate the total expenses.
$Total\, expenses = RM500 + RM250 = RM750$

STEP 5

Now that we have the total expenses, we can find the remaining amount of money Ali has. This can be found by subtracting the total expenses from his income.
$Remaining\, money = Income - Total\, expenses$

STEP 6

Plug in the values for the income and the total expenses to calculate the remaining money.
$Remaining\, money = RM2500 - RM750$

STEP 7

Calculate the remaining money.
$Remaining\, money = RM2500 - RM750 = RM1750$

STEP 8

Now that we have the remaining money, we can find the fraction of the remaining money from his income. This can be found by dividing the remaining money by his income.
$Fraction\, of\, remaining\, money = Remaining\, money / Income$

STEP 9

Plug in the values for the remaining money and the income to calculate the fraction of remaining money.
$Fraction\, of\, remaining\, money = RM175 / RM250$

STEP 10

Calculate the fraction of remaining money.
$Fraction\, of\, remaining\, money = RM1750 / RM2500 =0.7$ Ali has0.7 or70% of his income remaining after paying his house rent and saving in his ASB account.

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