A company, Chauncy Co., has an annual travel budget of $59,000. The accounting department estimates that transportation expenses will increase 5 percent in the coming year, and nontransportation travel expenses will increase by 15 percent in the coming year. Last year, Chauncy Co. spent $19,500 on transportation-related expenses, and $35,000 on nontransportation travel expenses. If the annual travel budget does not increase this year, and if the accounting department’s estimates are correct, how far over the annual travel budget will expenses be this year?  Choose the correct choice:	A) Expenses will not go over the budget.	B) $500	C) $4,225	D) $1,725	E) $60,725
annual travel budget of $59,000   Let, Transportation expenses = T = 19500   and Non-Transportation expenses = N=35000   i.e. Increased Transportation expenses = 1.05T = 20475   and Increased Non-Transportation expenses = 1.15N = 40250   Total Expense = 20475+40250= 
<gadget id="calculator">20475+40250</gadget>
<output>60_725</output>
60725   Expense over Budget= Budget - expense = 59000-60725 = 1725   Answer: Option $1,725
<result>D</result>
A company, Chauncy Co., has an annual travel budget of $59,000. The accounting department estimates that transportation expenses will increase 5 percent in the coming year, and nontransportation travel expenses will increase by 15 percent in the coming year. Last year, Chauncy Co. spent $19,500 on transportation-related expenses, and $35,000 on nontransportation travel expenses. If the annual travel budget does not increase this year, and if the accounting department’s estimates are correct, how far over the annual travel budget will expenses be this year?