If ABC Builder saved $50 a month by changing suppliers, how much will they save over 9 months?

Prepare for the Ontario PHBI Financial Planning and Management Test. Study with flashcards and multiple choice questions, each with hints and explanations. Ensure your success with adequate preparation!

To determine the total savings over a period of 9 months when ABC Builder saves $50 each month, you can multiply the monthly savings by the number of months.

The calculation is straightforward: $50 (savings per month) multiplied by 9 months equals $450 in total savings. This means that ABC Builder will have saved $450 after 9 months of this new supplier arrangement.

This makes $450 the correct answer, reflecting the cumulative savings accrued each month. Through such simple multiplication, one can easily track financial changes over time, which is a key aspect of financial planning and management in any business context.

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