For Marvin used the Quantitative Reasoning Process to build a budget while he is going to college. He worked hard over the summer and saved $2,595.9 to live on during the next two semesters of school. Marvin will receive a scholarship each semester for $958.35 money can Marvin spend each month, on average, for things like groceries, entertainment, and miscellaneous items is mathematically given as
$4512.6
<h3>How much money can Marvin spend each month, on average, for things like groceries, entertainment, and miscellaneous items?</h3>
Savings with Marvin = $2,595.9
Scholarship amount = $958.35
Total Scholarship amount received in 2 semesters = $958.35 X 2 = $ 1916.7
Now total money that Paolo have = (Savings with Marvin) + (Total Scholarship amount received in both semesters) = $2,595.9 + $1916.7 = $ 4512.6
Tuition & books cost = $2000
Tuition & books cost for 2 semesters = $2000 X 2 = $4000
Housing cost for 2 semester contract =$1,000
Total expenses in books and housing = $4000+ $1000 = $5000
Money left with Marvin after Total expenses in books and housing = $ 4512.6 - $5000 = −487.4
This means he has overspent.
as no. of months in 2 semesters = 8
Amount that Marvin would be in debt each month = −487.4/8 = −$60.925
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