Lewis has a net spendable income of $2,000 per month. He sets up the following transportation budget for himself.

1 answer:

7 0

What Lewis did wrong was that; He budgeted more than the maximum recommended amount of money for transportation.

<h3>How to budget effectively?</h3>

We are given;

Net spendable income = $2,000 per month

Now, we see how much he has budgeted for other items such as Car payments, Gas/Oil, Insurance, License/Registration, Taxes, Maintenance/Repair.

Now, from the recommended transportation budget of between 15% - 20% of the net spendable income, we can see that he would likely spend more than that if we add the cost of maintenance and repair.

Thus, what Lewis did wrong was that he budgeted more than the maximum recommended amount of money for transportation.

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Darian gets paid $6.35 an hour to help out at his dad's shop. He also mows his neighbor's lawn each week for $25. He earned $119

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$119.85 is the total amount he earned in 2 weeks
He mows his neighbor's lawn each week for $25...So if he mows for 2 weeks it should be
$25×2=$50
Darian gets paid $6.35 an hour to help out at his dad's shop...
Let X be the number of hours Darian worked at his dad's shop in the two weeks
So we can now make an equation to find X

(X×$6.35)+($25×2)=$119.85
(X×$6.35)+$50=$119.85
X×$6.35=$119.85-$50
X×$6.35=$69.85
X=$69.85÷$6.35
X=11

Therefore the number of hours Darian worked at his dad's shop in those two weeks is 11

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