Financial Maths, STD2 EQ-Bank 6 MC

Sophie has the following bills: internet $90 per month, electricity $320 per quarter, insurance $840 per year and rent $280 per week.

What is the total amount Sophie should budget for the year?

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$C$

Show Worked Solution

$\text{Internet} =90 \times 12 = \$1080\ \text{per year}$

$\text{Electricity} =320 \times 4 = \$1280\ \text{per year}$

$\text{Insurance} =$840\ \text{per year}$

$\text{Rent} =280 \times 52 = \$14\,560\ \text{per year}$

$\therefore\ \text{Total yearly expenses}=1080+1280+840+14\,560=$17\,760$

$\Rightarrow C$