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liraira [26]
3 years ago
12

Please look at the questions again! Some of the answers are incorrect. Here is a hint: For question 1, you should not spend more

than one-third of $2,000? Calculate: $2,000 / 3. For question 2, how much is the rent and housing expenses? Calculate: $650 + $60 + $10 + $20 + $20. How much can you afford? You should not spend more than one-third of $2,100. Looks like the rent and expenses are too high for your budget, right?
Mathematics
1 answer:
baherus [9]3 years ago
5 0

Answer:question 1)$6.66.67

Question2) Rent and expenses =$760

Rent and expenses are too high for the budget

Step-by-step explanation:

1)$2000×(1/3)= $666.67

2)Rent and expenses =$(650+60+10+20+20)= $760

$2100×(1/3)= $700

Rent and expenses should not exceed one third of $2100, which is $700 but it exceeded by$60. Therefore budget is too high.

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<em>Additional comment</em>

The annual interest earned on $20.00 is $0.0004. If the account balance is rounded to the nearest cent annually, at the end of the 18 years, the balance will still be $20.00. Not enough interest is earned in one year to increase the balance above $20. At the end of the 18 years, the amount of interest earned is 0.76¢ (a fraction of a penny) <em>only if there is no rounding in intervening years</em>.

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Step-by-step explanation:

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