Answer:
a) The total amount contributed = 5m
b) The total amount contributed = $26.25
Explanations:
a)The amount of money contributed by each of the firends = m
Since the party was planned by you and and four friends, the total number of people contributing the money is 5.
The total amount of money contributed = (Amount of money contributed by each friend) x (The number of friends)
The total number of money contributed = m x 5
The total amount contributed = 5m
b) If each person contributes $5.25
m = 5.25
The total amount contributed = 5 x 5.25
The total amount contributed = $26.25