Question

type the correct answer in the box. use numerals instead of words. chandra created a budget matrix based on her regular and expected expenses for the year. expense jan. feb. mar. apr. may june july aug. sept. oct. nov. dec. cell phone $71 $71 $71 $71 $71 $71 $71 $71 $71 $71 $71 $71 rent $1,025 $1,025 $1,025 $1,025 $1,025 $1,025 $1,025 $1,025 $1,025 $1,025 $1,025 $1,025 gym dues $75 $75 $75 $75 internet $25 $25 $25 $25 $25 $25 $25 $25 $25 $25 $25 $25 auto insurance $425 $425 gas $120 $120 $120 $120 $120 $120 $120 $120 $120 $120 $120 $120 food $145 $145 $145 $145 $145 $145 $145 $145 $145 $145 $145 $145 to the nearest cent, chandras average monthly expenses are $

Explanation:

Step1: Calculate monthly expense for each item

Cell - phone: $71$ per month. Total for the year = $71\times12 = 852$.
Rent: $1025$ per month. Total for the year = $1025\times12=12300$.
Gym - dues: $75\times4 = 300$ (since it's paid 4 times a year).
Internet: $25\times12 = 300$.
Auto - insurance: $425\times2 = 850$ (since it's paid 2 times a year).
Gas: $120\times12 = 1440$.
Food: $145\times12 = 1740$.

Step2: Calculate total annual expenses

Total annual expenses = $852+12300 + 300+300+850+1440+1740$
$=17782$.

Step3: Calculate average monthly expenses

Average monthly expenses = $\frac{17782}{12}\approx1481.83$.

Answer:

$1481.83$