Question

Bi-weekly mortgage is $576. Monthly phone charges are $44.95. The electric bill last month was $105.88. Groceries cost about $98/week. What is a good estimate of your monthly expenses?

Answer 1

A good estimate would be $1450 Round $576 × 2 (biweekly)to $1200, $44.95 to $50, $105.88 to $100 and $98 to $100.
$1200+ 50+100+100= $1450

Answer 2

The monthly expenses will be $ 1760.17.

Explanation:

Given,

Bi-weekly mortgage is $576.

⇒ 2 weeks mortgage = $ 576

⇒ 14 days mortgage = $ 576

⇒ 1 day mortgage =
`(576)/(14)`

⇒ 30 days mortgage =
`(30* 576)/(14)=\$ 1234.28571429\approx \$1234.29`

Hence, monthly mortgage is approximately $1234.29.

Also, monthly electric bill = $ 105.88,

Now, Groceries bill of one week = $ 98

Groceries bill of 1 day = $ 14

Groceries bill of 30 day or 1 month = $ 420,

Therefore, the total monthly expenses = monthly mortgage + monthly electric bill + Groceries bill

= $ 1234.29 + $ 105.88 + $ 420

= $ 1760.17