14. Robert is in grade 12 and lives on his own. With student loans and a part-time job, he has a combined monthly income of $900. His share of rent for a two-bedroom apartment is $425 per month with...

Extracted text: 14. Robert is in grade 12 and lives on his own. With student loans and a part-time job, he has a combined monthly income of $900. His share of rent for a two-bedroom apartment is $425 per month with utilities included. He spends approximately $175 per month on groceries and $25 per month on laundry. He pays $33.90 per month for his telephone. Next year, Robert's student loans will increase so his combined monthly income will be $950. His rent will increase by 5% and grocery prices are expected to increase by 5%. How much money will he have at the end of the month? a. $261.10 b. $241.10 c. $240.00 d. $271.00