28
QuizMultiple Choice

Personal Budget

Question 28 • Skelton - GSN - Financial Math - MA2007

If $2300 is spent on vacations or travel each year, estimate how much should be set aside each month for those expenses?

Answer
A
Approximately $200 per month should be set aside for vacation or travel expenses.
B
Approximately $2300 per month should be set aside for vacation or travel expenses.
C
Approximately $1250 per month should be set aside for vacation or travel expenses.
D
Approximately $230 per month should be set aside for vacation or travel expenses.

Explanation

Divide the yearly vacation and travel expense by 12 months: $2,300 ÷ 12 ≈ $192. That rounds to approximately $200 per month, so the correct choice is “Approximately $200 per month should be set aside for vacation or travel expenses.”

AI-written and checked against the verified answer.

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