Question

5. How much should Chantal budget per month to make sure she has enough

money to pay her car expenses? Last year she had variable expenses of
$2,125.10 and fixed expenses of $4,176.43

Answer 1

$525.13

Explanation:

cost per month = total expenses / months in a year

total expenses = fixed cost + variable cost

$2,125.10 + $4,176.43 = $6,301.53

cost per month = $6,301.53/ 12 = $525.13