Answer :
Part ~ 1
Earns = $160
Spends = $12 on bike and $75 on food and entertainment
12 + 75 = 87
160 - 87 = 73
Deposits $73 in his saving account
Joe is wrong because 73 is 45.625% of 160, not 25%
Earns = $160
Spends = $12 on bike and $75 on food and entertainment
12 + 75 = 87
160 - 87 = 73
Deposits $73 in his saving account
Joe is wrong because 73 is 45.625% of 160, not 25%