Exploring Financial Literacy 62 Copyright Goodheart-Willcox Co., Inc. May not be reproduced or posted to a publicly accessible website. Apply Your Math Skills Calculate the answers to the following problems. Show your calculations. 16. The weekly spending record for Alice Wong for the week ending October 7 is shown in the chart that follows. How much has Alice spent for the week? Total the amounts for each day and for the week. Write your answers in the chart. Weekly Spending Record Alice Wong For the week of October 7, 20-- Amounts Spent Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 Day 7 Total Fixed expenses Bus fare 1.25 1.25 1.25 1.25 1.25 Savings deposit 25.00 Total fixed expenses 1.25 1.25 26.25 1.25 1.25 0.00 0.00 Variable expenses School lunches 3.00 2.95 3.75 3.60 4.10 School supplies 12.50 4.50 2.25 E-book purchases 1.50 7.75 Meals with friends 5.50 8.75 6.75 Clothes and shoes 6.30 25.89 Total variable expenses 15.50 4.45 13.75 11.35 12.65 34.64 6.75 Total expenses 17. Latoya’s expenses for a typical week are $75. Her monthly income is $325. What will Latoya’s monthly expenses be if she spends this amount every week? ______________________________________________________________________________ ______________________________________________________________________________