Lee wants to propose marriage to Sierra. He wants to follow the adage that you should spend two months' salary on the ring. He earns $60,000 per year in salary and can save $1000 per month. How long will it take before he can propose to Sierra?
Thoughts? Step-by-step reasoning:
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Lee currently earns $60,000 / 12 months = $5,000 per month. The engagement ring will cost him 2 * $5,000 = $10,000. This means that it will take Lee $10,000 / $1,000 = 10 months to save enough money before he can propose.
Thus, the answer is 10.
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