Question

Question 1 (1 point)

Mary spends $150 semi-monthly on clothes. How much does she spend monthly?

Question 2 (1 point)
Annette places $900 annually in an RESP. How much money should she budget monthly?

Answer 1

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Question 1

Money spent semi - annually (in 6 months) = $ 150

So, money spent annually (12 months) is equal to :

• 
  `150 * 2`

• 
  `\$ \: 300`

Question 2

Her budget annually (in 12 months) = $ 900

So, budget monthly is equal to :

• 
  `(900)/(12)`

• 
  `\$ \: 75`