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Edward has a minimum annual household budget of . He pays of the budget for food. How much amount(in ) does he pay for food in a month?
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Q. Edward has a minimum annual household budget of . He pays of the budget for food. How much amount(in ) does he pay for food in a month?
- Calculate annual amount spent: Calculate the annual amount spent on food.Edward pays of his annual budget for food. To find out how much this is, we need to calculate of .Calculation: $\(0\).\(30\) \times \$\(19\),\(500\) = \$\(5\),\(850\)
- Calculate monthly amount spent: Calculate the monthly amount spent on food. Since the budget is annual, we need to divide the annual food budget by \(12\) to find out how much Edward pays for food each month. Calculation: \(\$5,850 / 12 \approx \$487.50\)
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