Question

Mrs. Pedersen has to pay the follow bills every month. House: $575 Electric: $230 Gas: $170 Phone: $120 Car and Insurance: $550 Groceries, cable, etc: $500 If she already has $3000 in her bank account and she has to pay those same bills for THREE months, how much money does she need to deposit to cover the bills AND still have $500 in her account???

Answer 1

`\$3935`

Explanation:

Total bills to be paid in 1 month

`575+230+170+120+550+500=\$2145`

The bills for 3 months is

`2145* 3=\$6435`

Amount of money in the bank account =
`\$3000`

To pay the bills she needs

`6435-3000=\$3435` more.

She also needs to have $500 dollars after the bills are paid so

`3435+500=\$3935`

Hence, Mrs. Pedersen needs to deposit
`\$3935` in her bank account.