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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?

Question 1 1 Point Mary Spends 150 Semimonthly On Clothes How Much Does She Spend Monthly Question 2 1 Point Annette Places 900 Annually In An RESP How Much Mon class=
Question 1 1 Point Mary Spends 150 Semimonthly On Clothes How Much Does She Spend Monthly Question 2 1 Point Annette Places 900 Annually In An RESP How Much Mon class=

Answer :

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Question 1

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

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

  • [tex]150 \times 2[/tex]

  • [tex] \$ \: 300[/tex]

Question 2

Her budget annually (in 12 months) = $ 900

So, budget monthly is equal to :

  • [tex] \dfrac{900}{12} [/tex]

  • [tex] \$ \: 75[/tex]

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