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. during one year, saul takes 15 credit - hours for each of three quarters. tuition and fees amount to $600 per credit - hour. textbooks average $450 per quarter. the average monthly cost for tuition and fees and textbooks is $ (round to the nearest cent as needed.)

Explanation:

Step1: Calculate annual tuition and fees

Saul takes 15 credit - hours per quarter for 3 quarters. Tuition and fees are $600 per credit - hour. So the total annual tuition and fees is $600\times15\times3 = 27000$.

Step2: Calculate annual textbook cost

Textbooks average $450 per quarter, and there are 3 quarters in a year. So the total annual textbook cost is $450\times3=1350$.

Step3: Calculate total annual cost

The total annual cost of tuition, fees, and textbooks is $27000 + 1350=28350$.

Step4: Calculate average monthly cost

There are 12 months in a year. So the average monthly cost is $\frac{28350}{12}=2362.5$.

Answer:

$2362.50$