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Devan is a sculptor and needs to rent studio space to work. He found a great spot, but it costs $30.75 per hour. Last month he logged 82.5 hours in the studio. A donor gave him $2,500 to put toward this expense. Is it enough money? If so, how much is left? If not, how much more does he need to cover the bill? Round to the nearest cent.(1 point) Responses There is not enough information. There is not enough information. They have $36.88 left over. They have $36.88 left over. They need $36.88 more to pay the bill. They need $36.88 more to pay the bill. They need $36.875 more to pay the bill.

3 answers

To determine if Devan has enough money from the donor to cover his studio expenses, we first need to calculate the total cost for renting the studio.

The cost per hour is $30.75, and he logged 82.5 hours.

Total cost = Cost per hour * Hours logged Total cost = $30.75 * 82.5 = $2,535.75

Now, Devan has received $2,500 from the donor.

To find out if this amount is sufficient, we can subtract the donor amount from the total cost:

Amount needed = Total cost - Amount from donor Amount needed = $2,535.75 - $2,500 = $35.75

Since Devan's expenses exceed the amount given by the donor, he does not have enough money.

Therefore, he needs $35.75 more to cover the bill.

Rounded to the nearest cent, the correct response is: They need $35.75 more to pay the bill.

No look at the responses

Apologies for the oversight. Based on the calculations, Devan needs $35.75 more to cover the bill. However, looking more closely at the provided responses, the amounts mentioned are not aligned with this calculation.

Here are the responses you provided:

  • There is not enough information.
  • They have $36.88 left over.
  • They need $36.88 more to pay the bill.
  • They need $36.875 more to pay the bill.

Given the calculated amount needed ($35.75), none of the responses exactly match. The closest match regarding needing additional funds is "They need $36.88 more to pay the bill,", although this is an incorrect amount based on our earlier calculations.

If you’re looking strictly to choose from the provided responses, I'd suggest the third option, "They need $36.88 more to pay the bill," is the best fit given it indicates that he needs more money to cover the costs, even though the amount requested is slightly incorrect.