Loretta’s income last year was $81,300. She made $56,800 at her salaried job and had additional passive income. If Loretta earned the same amount of passive income each month for the entire year, approximately how much per month was it?
Solutions
Loretta’s income last year was $81,300. She made $56,800 at her salaried job and had additional passive income.
81300 - 56800 = 24500
= passive income for the year.
24500/12 = 2041.67
=passive income per month
Loretta made $ 2041.67 per month.
The unitary method is a technique for solving a problem by first finding the value of a single unit, and then finding the necessary value by multiplying the single unit value.
According to the given problem,
Amount Loretta made last year = $81,300
Loretta's income at her job = $56,800
Loretta's additional passive income = $( 81,300 - 56,800 )
= $ 24,500
Amount Loretta made each month = @@MATH_TOKEN_0@@
= $ 2041.67
Hence, we can conclude Loretta made $ 2041.67 per month.
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