3
QuizMultiple Choice

Personal Finances

Question 3 • LVA - Mathematical Modeling - Spring

Household Medical Entertainment Loans InsurancePersonal Misc. $670$125$25$35.32$210$75$60$45Totals:$795$25$35.32$210$75$60$45You recorded the actual expenses you incurred for a previous month in the above table. Determine your monthly budget based on the expenses shown.

Answer
A
$1,065.23
B
$1,140.23
C
$1,200.32
D
$1,245.32

Explanation

Add the expense totals shown in the table: $795 + $25 + $35.32 + $210 + $75 + $60 + $45 = $1,245.32. Therefore, the monthly budget based on these expenses is $1,245.32, choice D.

AI-written and checked against the verified answer.

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