contestada

Last year, Mr. Engle's total income was $52,000, while his total expenses were $53,800. Use the expression I-E/12, where I represents total income and E represents total expenses, to find the average difference between his income and expenses each month. Then explain its meaning.

Last year Mr Engles total income was 52000 while his total expenses were 53800 Use the expression IE12 where I represents total income and E represents total ex class=

Respuesta :

YellowGold
Given Mr. Engle’s total income, I = $52,000 and total expenses, E = $53,800, solving for average difference between income and expenses per month:
(I-E)/12 = ($52,000 - $53,800)/12
(I-E)/12 = - $1,800/12
(I-E)/12 = -$150
This means that Mr. Engle’s expenses exceed his income by an average of $150 each month in the said year.

Answer:

The average difference in income and expenses each month is -150,

It shows every month the expenses is $ 150 more than income.

Step-by-step explanation:

Given formula of  average difference between his income and expenses each month,

[tex]A=\frac{I-E}{12}[/tex]     ( Suppose A )

Where,

I = total income,

E = total expenses,

We have, I = $ 52,000, E = $ 53,800,

Thus, by substituting the values,

The average difference in income and expenses each month,

[tex]A=\frac{52000-53800}{12}=\frac{-1800}{12}=-\$150[/tex]

Negative sign shows that the expenses exceed the income every month.

Otras preguntas