budgets
Carlos spends $80, $95, and $75 on groceries over three months. What is his average monthly spending?
83.33
Q: Evan’s transportation costs: $62, $80, $75, $83. What is the mean monthly cost?
150
Q: Liam needs $1,200 and saves $100/month. How long will it take?
12
Q: A movie ticket cost $5 in 2000 and $10 in 2020.
What is the overall rate of inflation, and what is the approximate annual inflation rate over 20 years?
100 percent 3.53 a year
Q: Sam moves $200 from checking ($520) to savings ($800). New balances?
checking 320, savings 1000
Lena reduces her clothing budget from $120 to $85. How much money does she save?
35
Q: Rob’s inflows = $1,470.50; outflows = $1,622.80. What is his net cash flow?
-152.30
Q: Goal = $10,000; already saved = $3,250; saving $250/month. How long?
27 months
Q: A gallon of milk cost $1.20 in 1985 and $3.60 in 2020.
Find the overall inflation rate and the annual inflation rate over 35 years.
200 percent, 3.06% year
Q: Lila withdraws $85.50 from checking that had $340.25. New balance?
254.75
Maya cuts entertainment by $30 and utilities by $20 and adds this to savings. How much more does she save?
50
Q: Club inflows = $3,215.75; outflows = $2,998.40. Net cash flow?
217.35
Q: Dana wants $5,600 and saves $175/month. How long?
32 month
Q: A jacket cost $40 in 1970 and $200 today.
What is the overall inflation rate and the annual inflation rate over 55 years?
400%, 3.05% per year
Q: Owen deposits $140 to savings ($660) and pays a $95 bill from checking ($410). New balances?
savings 800, chekcing 315
Tom’s rent rises by $50. He reduces utilities and entertainment equally. How much does each decrease?
25 eahch
Q: Sharon earns and spends the same amount: $2,345. What’s her net cash flow?
0
Q: Needs $18,000; has $4,000; saves $600/month. How long until she can buy a house?
24 months
A pair of shoes cost $30 in 1990 and $90 today.
What is the overall inflation rate and annual inflation rate over 35 years?
200%, 3.06% per year
Q: Priya transfers $250 from savings ($1,200) to checking ($300). New balances?
savings 950 chekcing 550
Q: Evan’s transportation costs: $62, $80, $75, $83. What is the mean monthly cost?
75
Q: Business inflows = $9,842.13; outflows = $10,315.44. Net cash flow?
-473.31
Q: Needs $18,000; has $4,000; saves $600/month. How long until she can buy a house?
23.33 each
Q: A loaf of bread cost $0.10 in 1935 and $2.00 today.
What is the overall inflation rate and the annual inflation rate over 90 years?
1900% 3.38% per year
Q: A family pays a $475.20 bill from checking ($500), then transfers $600 from savings ($3,800). New balances?
chekcing 624.80 savings 3200