Question

A monthly budget with expenses is shown.

MONTHLY BUDGET

for a family of three

in San Antonio, Texas

Rent

$870

Food

$550

PR Child care

$375

Transportation

$480

Utilities

$400

Insurance

$235

Savings

$400

Taxes

$290

Monthly total

Which equation can be used to determine y, the minimum amount of money a family must earn to meet the requirements of this budget for one year?

y = 3600 x 12

y = 3600 + 7

y = 3600 x 4

y = 360052

Answer 1

`y = 3600 * 12`

Explanation:

Given: Breakdown of Monthly Budget

Required

Determine the equation that shows minimum earnings in a year

First, we need to get the sum of the given list of budgets:

`Budget = 870 + 550 + 375 + 480 + 400+235+400 + 290`

`Budget = 3600`

The are 12months in a a year; So, the yearly budget (y) is:

`Yearly\ Budget = Monthly\ Budget * Duration`

`Yearly\ Budget = 3600* 12`

i.e.

`y = 3600 * 12`