Answer :
1. If I remember from class correctly, your monthly expenses should be about 20% of your net income, so the answer would be D. Although, adding up the expenses would work as well.
2. If the payment is bi-weekly, and there are 4 weeks in a month, you only have to multiply by 2, because "bi-weekly" means every 2 weeks, which means the payment would come twice a month. So, the answer would be A, Multiply by 2 and then round.
3. Round each of the numbers. 978 becomes 980, 54.89 becomes 55, and 93 becomes 90. We'll assume that there are 4 weeks in a month. Add them all up. 980+55+90+90+90+90 = 1395 So, yes, your answer of D, 1,400.00 is a good estimate.
4. Again, round each of the numbers. 455 can stay the same, 34.95 becomes 35, 65.88 can stay at 65 for the sake of easy math, and 87 gets rounded up to 90.
We'll keep assuming that there are 4 weeks in a month. Now, add them all up. Be sure to remember that the rent is bi-weekly, so it has to be added in twice. 455+455+35+65+90+90+90+90 = 1370. This means that of the choices, D, 1,359.00 is a good estimate of the monthly expenses.
2. If the payment is bi-weekly, and there are 4 weeks in a month, you only have to multiply by 2, because "bi-weekly" means every 2 weeks, which means the payment would come twice a month. So, the answer would be A, Multiply by 2 and then round.
3. Round each of the numbers. 978 becomes 980, 54.89 becomes 55, and 93 becomes 90. We'll assume that there are 4 weeks in a month. Add them all up. 980+55+90+90+90+90 = 1395 So, yes, your answer of D, 1,400.00 is a good estimate.
4. Again, round each of the numbers. 455 can stay the same, 34.95 becomes 35, 65.88 can stay at 65 for the sake of easy math, and 87 gets rounded up to 90.
We'll keep assuming that there are 4 weeks in a month. Now, add them all up. Be sure to remember that the rent is bi-weekly, so it has to be added in twice. 455+455+35+65+90+90+90+90 = 1370. This means that of the choices, D, 1,359.00 is a good estimate of the monthly expenses.
