Question

for the following situation, find the average monthly expense that you would use in budgeting for the given expense. note: annual means once a year, and semiannual means twice a year. melinda spends an average of $37 per week on gasoline and $55 every three months on a daily newspaper. assume that there are 52 weeks in a year. the average monthly cost for gasoline and newspapers is $ (round to the nearest cent as needed as needed.)

Explanation:

Step1: Calculate annual gasoline cost

$37\times52 = 1924$ (dollars)

Step2: Calculate annual newspaper cost

Since she spends $55$ every three months, and there are $12\div3 = 4$ three - month periods in a year. So the annual newspaper cost is $55\times4=220$ (dollars)

Step3: Calculate total annual cost

$1924 + 220=2144$ (dollars)

Step4: Calculate average monthly cost

$2144\div12\approx178.67$ (dollars)

Answer:

$178.67$