Question

Chandra created a budget matrix based on her regular and expected expenses for the year. Expense Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. cell phone $71 $71 $71 $71 $71 $71 $71 $71 $71 $71 $71 $71 rent $1,025 $1,025 $1,025 $1,025 $1,025 $1,025 $1,025 $1,025 $1,025 $1,025 $1,025 $1,025 gym dues $75 $75 $75 $75 internet $25 $25 $25 $25 $25 $25 $25 $25 $25 $25 $25 $25 auto insurance $425 $425 gas $120 $120 $120 $120 $120 $120 $120 $120 $120 $120 $120 $120 food $145 $145 $145 $145 $145 $145 $145 $145 $145 $145 $145 $145 To the nearest cent, Chandra’s average monthly expenses are $.

Answer 1

Answer:

Chandra's Average Monthly Expenses are;

1) For Both Jan and Feb are $269

2) For the remaining 10 months each are $244

Step-by-step explanation:

From Chandra's matrix all monthly expenses are all same that is,

Cell phone $71, Rent $1,025, Gym $75, Internet $25, Auto insurance $425, Gas $ 120, Food $145. which are all the expenses carried out every month for 12 months.

That means Chandra carries out a total of 7 expenses for the month of January and February while she carried a total of 6 expenses for the remaining 10 month which was noted from the matrix that Auto insurance was carried out only in the month of January and February.

Therefore, you start by adding up each month total expenses, which are ;

January = $71 + $1,025 + $75 + $25 + $425 + $120 + $145 = $1886

February = $71 + $1,025 + $75 + $25 + $425 + $120 + $145 = $1886

March = $71 + $1,025 + $75 + $25  + $120 + $145 = $1461

April = $71 + $1,025 + $75 + $25  + $120 + $145 = $1461

May = $71 + $1,025 + $75 + $25  + $120 + $145 = $1461

June = $71 + $1,025 + $75 + $25  + $120 + $145 = $1461

July= $71 + $1,025 + $75 + $25  + $120 + $145 = $1461

August = $71 + $1,025 + $75 + $25  + $120 + $145 = $1461

September = $71 + $1,025 + $75 + $25  + $120 + $145 = $1461

October = $71 + $1,025 + $75 + $25  + $120 + $145 = $1461

November = $71 + $1,025 + $75 + $25  + $120 + $145 = $1461

December = $71 + $1,025 + $75 + $25  + $120 + $145 = $1461

Therefore Chandra's Average Monthly Expenses are:

1) January & February  = $\frac{71 + 1,025 + 75 + 25 + 425 + 120 + 145}{7}$ = $\frac{1886}{7}$ = 269.4286 to the nearest cent

≅ $269

2) For the remaining 10 month are = $\frac{71 + 1,025 + 75 + 25 + 120 + 145}{6}$ = $\frac{1461}{6}$= 243.5 to the nearest cent

≅ $244

Answer 2

Answer:

Avg. monthly expenses are $1,481.83

Step-by-step explanation:

Just took the test :)