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

Question

Responses

Answer 1

To find out if the money is enough or not, we need to calculate the total cost of renting the studio space for 82.5 hours.

Total cost = hourly rate * number of hours
Total cost = $30.75 * 82.5
Total cost = $2536.875

So, the cost of renting the studio space for 82.5 hours is $2536.875.

Since the donor gave $2500, we can check if this is enough or not.

If $2500 >= $2536.875, then it is enough money.

$2500 >= $2536.875 is not true.

Therefore, it is not enough money.

To find out how much more they need to cover the bill, we can subtract the money donated from the total cost.

Amount needed = total cost - money donated
Amount needed = $2536.875 - $2500
Amount needed = $36.875

So, they need an additional $36.875 to cover the bill.