Question

Your fixed expenses are $834.02/month. You save 5 months' worth in an emergency fund over a year’s time. How much did you save per month?

Answer 1

Answer:347.51

Step-by-step explanation: I just took the test

Answer 2

347.51

Explanation:

First determine how much you saved

5* 834.02 =

4170.10

This is 5 months expenses

We saved this over a year (12 months)

Divide this by 12 months

4170.10/12

347.50833333

Rounding this to the nearest cent

347.51

This is how much is saved per month