Question

During the past month, Jennifer Johnson had income of $3,340 but had to use some of her liquid savings to cover her monthly expenses. This resulted in a decrease in net worth of $360. This means Jennifer's monthly expenses for the month were:

Answer 1

Answer:

$3,700

Explanation:

Jennifer's monthly income is  $3,340.  In the month under review, she spent her entire salary and part of her savings.  If her net worth decreased by $360, it implies she withdrew an equivalent and spent amount from her savings account.

In this month Jennifer spent her salary plus $360

=$ 3,340 + $360

=$3,700