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31. felix signs up for a cell phone plan that his parents require him t…

Question

  1. felix signs up for a cell phone plan that his parents require him to pay for. his bill each month is $46.80. what impact will his cell phone bill have on his savings account over the period of a year?

Explanation:

Step1: Determine the number of months in a year

There are 12 months in a year.

Step2: Calculate the annual cost of the cell phone bill

To find the total cost for a year, we multiply the monthly bill by the number of months in a year. The monthly bill is $46.80, so the annual cost is $46.80 × 12.
$46.80 × 12 = $561.60
This means his savings account will decrease by $561.60 over the period of a year because he has to pay this bill from his savings (assuming he uses savings to pay it).

Answer:

His savings account will decrease by $561.60 over the period of a year.