1
QuizMultiple Choice

Personal Finances

Question 1 • LVA - Mathematical Modeling - Spring

Household Medical Entertainment Loans InsurancePersonal Misc. $850$210$50$43.12$0$125$78$62Totals:$1,060$50$43.12$0$125$78$62You recorded the actual expenses you incurred for a previous month in the above table. Determine your monthly budget based on the expenses given.

Answer
A
$1,418.12
B
$1,278.12
C
$1,153.12
D
$1,110.12

Explanation

Add the amounts in the Totals row: $1,060 + $50 + $43.12 + $0 + $125 + $78 + $62 = $1,418.12. Therefore, the monthly budget is $1,418.12, choice a.

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