Answer:
Yearly rent (using 12 months): $2459.04
Average grocery expense in this time period: $32.31
Yearly grocery expense estimate: $1679.32
Annual amount for food and rent: $4138.36
Yearly income: $12075.36
Explanation:
To calculate the required values, let's analyze the given data:
Yearly rent (using 12 months):
The rent amount is specified as $204.92 on 3/3. Assuming this is the monthly rent, we can multiply it by 12 to calculate the yearly rent: Yearly rent = $204.92 * 12 = $2459.04
Average grocery expense in this time period:
To calculate the average grocery expense, we need to sum up all the grocery expenses and divide by the number of entries: Average grocery expense = (33.45 + 34.92 + 28.56) / 3 = $32.31
Yearly grocery expense estimate:
Assuming Mr. Thompson buys groceries weekly, we can estimate the yearly grocery expense by multiplying the average weekly expense by 52 (weeks in a year): Yearly grocery expense estimate = $32.31 * 52 = $1679.32
Annual amount for food and rent:
To calculate the annual amount for food and rent, we can sum up the yearly rent and yearly grocery expense estimate: Annual amount for food and rent = $2459.04 + $1679.32 = $4138.36
Yearly income:
Given that Mr. Thompson receives $1006.28 twelve times a year (presumably monthly), we can calculate his yearly income by multiplying the monthly amount by 12: Yearly income = $1006.28 * 12 = $12075.36
Rent and food expressed as a percent:
Calculated values:
Yearly rent (using 12 months): $2459.04
Average grocery expense in this time period: $32.31
Yearly grocery expense estimate: $1679.32
Annual amount for food and rent: $4138.36
Yearly income: $12075.36
His food and rent is $4,138.36 a year, and his yearly income is $12,075.36. He has $7,937.03 left over!
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