Elisa puts $1,000 into each of 2 bank accounts. Account A: 3% interest rate, compounded annually, which is ✔ exponential growth
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The monthly budget plan for Judy includes all of her income and expenses, the total balance is $ 2362.92 and she spends $ 1083.
<h3>What is the monthly budget?</h3>A monthly budget is a personal spending plan that you use to track your monthly income and costs.
The given data in the problem is;
Home pay = $2314.92/month.
Interest earned = $48 / month
House rent = $825/month
EMI of student loan = $258/month
Total earning per month = $2314.92 + $48
Total earning per month = $ 2362.92
Amount she spends per month = $825/month + $258
Amount she spends per month = $ 1083
Hence, the total balance will be $ 2362.92 and she spend $ 1083.
To learn more about the monthly budget refer to:
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