To determine which statement is correct about Hector's personal budget, let's go through his budget step-by-step:
1. Calculate Total Fixed Expenses:
- Rent: [tex]$690
- Car: $[/tex]230
- Total Fixed Expenses = Rent + Car = [tex]$690 + $[/tex]230 = [tex]$920
2. Calculate Total Variable Expenses:
- Utilities: $[/tex]210
- Food: [tex]$195
- Other: $[/tex]370
- Total Variable Expenses = Utilities + Food + Other = [tex]$210 + $[/tex]195 + [tex]$370 = $[/tex]775
3. Calculate Total Expenses:
- Total Fixed Expenses: [tex]$920
- Total Variable Expenses: $[/tex]775
- Savings: [tex]$220
- Total Expenses = Total Fixed Expenses + Total Variable Expenses + Savings
- Total Expenses = $[/tex]920 + [tex]$775 + $[/tex]220 = [tex]$1915
4. Calculate Remaining Amount after Budgeted Expenses:
- Income: $[/tex]2165
- Total Expenses: [tex]$1915
- Remaining Amount = Income - Total Expenses
- Remaining Amount = $[/tex]2165 - [tex]$1915 = $[/tex]250
Based on these calculations, the correct statement about Hector's personal budget is that after accounting for all his fixed expenses, variable expenses, and savings, Hector will have [tex]$250 remaining from his income of $[/tex]2165.
