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Answer :
Sammy determined the total amount to deposit by adding together the individual amounts he planned for each expense category. Here’s a step-by-step breakdown:
1. He reserved \[tex]$1292 for Essential (fixed) expenses (such as rent, car, and insurance).
2. He set aside \$[/tex]420 for Essential (variable) expenses (basic groceries, telephone, etc.).
3. He deposited \[tex]$260 for Non-essential expenses (snacks, restaurants, movies, etc.).
4. He allocated \$[/tex]130 for Other (predictable) expenses (health exams, clothing, etc.).
5. He designated \[tex]$210 for Other (unpredictable) expenses (healthcare, repairs, etc.).
6. Lastly, he saved \$[/tex]50 for Other (long-term) expenses (vacation savings).
The total amount deposited is calculated by summing these deposits:
[tex]$$
\text{Total Deposited} = 1292 + 420 + 260 + 130 + 210 + 50
$$[/tex]
Evaluating the sum gives:
[tex]$$
\text{Total Deposited} = 2362
$$[/tex]
In summary, Sammy calculated his total deposited amount as \$2362 by summing all the individual amounts for each expense category.
1. He reserved \[tex]$1292 for Essential (fixed) expenses (such as rent, car, and insurance).
2. He set aside \$[/tex]420 for Essential (variable) expenses (basic groceries, telephone, etc.).
3. He deposited \[tex]$260 for Non-essential expenses (snacks, restaurants, movies, etc.).
4. He allocated \$[/tex]130 for Other (predictable) expenses (health exams, clothing, etc.).
5. He designated \[tex]$210 for Other (unpredictable) expenses (healthcare, repairs, etc.).
6. Lastly, he saved \$[/tex]50 for Other (long-term) expenses (vacation savings).
The total amount deposited is calculated by summing these deposits:
[tex]$$
\text{Total Deposited} = 1292 + 420 + 260 + 130 + 210 + 50
$$[/tex]
Evaluating the sum gives:
[tex]$$
\text{Total Deposited} = 2362
$$[/tex]
In summary, Sammy calculated his total deposited amount as \$2362 by summing all the individual amounts for each expense category.
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