A parking garage rents parking spaces for $10 per week or $30 per month. How much does a person save in a year by renting by the month rather than by the week?

Question

Kunal · Accepted Answer

1 year = 12 months = 52 weeks
If the person pay by week, then in one year he pays 52*10 = $520If the person pay by month, then in one year he pays 12*30 = $360
Hence, saving = $(520 - 360) = $160