Question

tom and penny decide to do an experiment. instead of grocery shopping haphazardly once each week, they spend an hour every other week planning their meal menus, couponing, and ad-matching before heading to the grocery store. they quickly realize that doing this saves their family of five about $15 each bi-weekly trip. what are their nominal savings (without interest) per year?

Answer 1

Tom and Penny save $390 per year by planning their grocery shopping bi-weekly, which amounts to $15 saved per shopping trip over 26 bi-weekly trips a year.

Step-by-step explanation:

Tom and Penny's nominal savings per year from planning their grocery shopping can be calculated as follows: They save $15 every two weeks. Since there are 52 weeks in a year, this means they shop bi-weekly approximately 26 times (52/2 = 26). To find the yearly savings, we can multiply the savings per trip by the number of trips: $15 x 26 = $390.

Therefore, Tom and Penny's nominal savings without interest per year is $390.

It is beneficial to plan meals, use coupons, and match ads to effectively reduce grocery expenses, as demonstrated by Tom and Penny's approach.