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?

Question

Mathematics

Howard Schroeder

21 January, 21:31

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?

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Answers (1)

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Lucille Mccarthy · Answer 1

81300 - 56800 = 24500 ... so she made 24500 in passive income for the year.

We need per month, so we divide by 12 because there is 12 months in a yr.

24500/12 = 2041.67 per month