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QUESTION 1 Thabisa is a final year student at the university. She offers tutorial to first year students. She uses public transport to travel to and from to university. Table 1 shows Thabisa's monthly budget.
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9 stepsHere are the solutions to Thabisa's monthly budget questions:
1.1. Explain the term income.
Income refers to the money an individual or household receives, typically on a regular basis, in exchange for work, goods, services, or through investments.
1.2. Write down ONE fixed expense.
A fixed expense is a cost that does not change from month to month, regardless of activity levels.
One fixed expense from the table is the Internet Fiber (R450).
1.3. Thabisa stated food is 26,7% of the total expense. Calculate the value of A, expense for food.
Identify the total expense from the table.
The total expense is R4 280,45.
Calculate 26,7% of the total expense.
Round the value to two decimal places for currency.
The value of A, the expense for food, is .
1.4. Hence, calculate the value of B, the expense for entertainment.
Sum all known expenses, including the calculated value of A.
Known expenses:
- Cell phone (contract): R350
- Clothing account: R600
- Transport: R800
- Internet Fiber: R450
- Food (A): R1143,08
Subtract the sum of known expenses from the total expense to find B.
The value of B, the expense for entertainment, is .
1.5. Express, in simplified form, a ratio of the amount of clothing account to Internet Fiber.
Identify the amounts for clothing account and Internet Fiber.
- Clothing account: R600
- Internet Fiber: R450
Write the ratio and simplify it.
Divide both sides by 10:
Divide both sides by 15:
The simplified ratio is .
1.6. Thabisa and her friends plan to take a holiday tour during December 2026. Each one should contribute R2 000 towards the holiday tour. She decided to save her monthly surplus for 6 months. Calculate the total amount she will have after 6 months.
Calculate Thabisa's monthly surplus.
- Total Income: R4 800
- Total Expense: R4 280,45
Calculate the total amount saved after 6 months.
The total amount she will have after 6 months is .
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