Question

Last year Mr. Ingles total income was 52000+ total expenses were 53800 use expression I-E/12 where I represents total income in a represents total expenses to find the hours difference between his income and expenses each month and explain its meaning

Answer 1

-$150

Explanation:

Given:

(I - E) / 12

Where,

I = total income

E = total expenses

I = $52,000

E = $53,800

(I - E) / 12

= (52,000 - 53,800) / 12

= -1,800 / 12

= -150

-$150 shows that Mr. Engle's total expenses exceeds his total income per month with an average of $150