Answer to Question #178886 in Financial Math for David

Question

Mahmoud is in his third year of college and is a tenant in the basement apartment of a house. His rent is $568 per month plus utilities. Every month, he receives an electricity bill that averages $103. He also receives a monthly water bill for approximately $303. Additionally, every month he receives an internet bill for $44.

Every month, he earns approximately $1784 from his part-time job.

How much money does he have at the end of the each month after expenses?

Answer 1

Money that remains at end of month after expenses

Total income - part time. $1,783

Less Expenses

Rent. $568

Electricity $103

Water bill. $303

Internet bill $. 44

Total bills. $1018

Balance at end month is equal to income less Total bills

Balance=$1,783-$1,018=$765

Balance at end of month. $ 765