Questions: For the following situation, find the average monthly expense that you would use in budgeting for the given expense. Note: Annual means once a year, and semiannual means twice a year. During one year, Saul takes 15 credit hours for each of three quarters. Tuition and fees amount to 619 per credit-hour. Textbooks average 390 per quarter. The average monthly cost for tuition and fees and textbooks is (Round to the nearest cent as needed.)

For the following situation, find the average monthly expense that you would use in budgeting for the given expense. Note: Annual means once a year, and semiannual means twice a year.

During one year, Saul takes 15 credit hours for each of three quarters. Tuition and fees amount to 619 per credit-hour. Textbooks average 390 per quarter.

The average monthly cost for tuition and fees and textbooks is  (Round to the nearest cent as needed.)
Transcript text: For the following situation, find the average monthly expense that you would use in budgeting for the given expense. Note: Annual means once a year, and semiannual means twice a year. During one year, Saul takes 15 credit hours for each of three quarters. Tuition and fees amount to $\$ 619$ per credit-hour. Textbooks average $\$ 390$ per quarter. The average monthly cost for tuition and fees and textbooks is \$ $\square$ (Round to the nearest cent as needed.)
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Solution

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Solution Steps

Step 1: Calculate the total number of credit hours Saul takes in a year

Saul takes 15 credit hours for each of three quarters.
Total credit hours = \( 15 \times 3 = 45 \) credit hours.

Step 2: Calculate the total annual cost of tuition and fees

Tuition and fees cost $619 per credit-hour.
Total tuition and fees = \( 45 \times 619 = 27,855 \) dollars.

Step 3: Calculate the total annual cost of textbooks

Textbooks cost $390 per quarter.
Total textbook cost = \( 390 \times 3 = 1,170 \) dollars.

Step 4: Calculate the total annual cost of tuition, fees, and textbooks

Total annual cost = \( 27,855 + 1,170 = 29,025 \) dollars.

Step 5: Calculate the average monthly cost

Divide the total annual cost by 12 months.
Average monthly cost = \( \frac{29,025}{12} = 2,418.75 \) dollars.

Final Answer

\(\boxed{2,418.75}\)

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