In 90 days, Jerome saved $31.50. What was his average daily savings?
$1.05
$3.70
$0.15
$0.04
$0.35<\/p>\n\n\n\n
The correct answer and explanation is:<\/mark><\/strong><\/p>\n\n\n\n To find Jerome’s average daily savings, divide the total savings by the number of days. In this case, he saved $31.50 over 90 days.<\/p>\n\n\n\n The formula for average daily savings is: Average Daily Savings=Total SavingsNumber of Days\\text{Average Daily Savings} = \\frac{\\text{Total Savings}}{\\text{Number of Days}}<\/p>\n\n\n\n Substitute the given values into the formula: Average Daily Savings=31.5090\\text{Average Daily Savings} = \\frac{31.50}{90}<\/p>\n\n\n\n Now perform the division: Average Daily Savings=0.35\\text{Average Daily Savings} = 0.35<\/p>\n\n\n\n So, Jerome saved an average of $0.35 per day.<\/p>\n\n\n\n To break it down further, you can think of this as dividing the total savings ($31.50) by each day. If he saved the same amount every day, he would have saved $0.35 daily. This method ensures that the total savings are spread equally over the 90 days, making the average a fair reflection of his daily habits.<\/p>\n\n\n\n This result is important because it gives an understanding of Jerome’s saving pattern over a period. It also helps to plan for future savings or assess whether the savings rate is consistent with financial goals. The other options, like $1.05 or $3.70, would imply that Jerome saved significantly more on average, which is not the case here.<\/p>\n\n\n\n Thus, the correct answer is $0.35<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" In 90 days, Jerome saved $31.50. What was his average daily savings?$1.05$3.70$0.15$0.04$0.35 The correct answer and explanation is: To find Jerome’s average daily savings, divide the total savings by the number of days. In this case, he saved $31.50 over 90 days. The formula for average daily savings is: Average Daily Savings=Total SavingsNumber of Days\\text{Average Daily Savings} = \\frac{\\text{Total Savings}}{\\text{Number […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-274278","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/274278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=274278"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/274278\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=274278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=274278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=274278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}