Do the following problem in two different ways, one should be pictorial and the other should be algebraic, using one variable. Then, make connections between these two representations.
Greg spends one-fourth of his take-home pay on his mortgage and property taxes. Out of the remaining money he again spends one-fourth on food and clothes. From the money left over after these expenses, he puts one-fifth into savings. What fractonal part of his take-home pay does he have left?
Greg spends one-fourth of his take-home pay on his mortgage and property taxes. Out of the remaining money he again spends one-fourth on food and clothes. From the money left over after these expenses, he puts one-fifth into savings. What fractonal part of his take-home pay does he have left?