Gerard has $30 to spend on lunches this month. lunch costs him $1.50 each day. after gerard buys lunch for 8 days, which statement is true?
gerard has spent less than 12 of his lunch money.
gerard has spent 12 of his lunch money.
gerard has spent more than 12 of his lunch money.
gerard has spent almost all of his lunch money.

Gerard has spent less than 1/2 of his lunch money.

 The correct option is

(A) Gerard has spent less than of his lunch money.

Step-by-step explanation:  Given that Gerard has $30 to spend on lunches this month that costs him $1.50 each day.

We are to find the correct statement after Gerard buys lunch for 8 days.

We have

Cost of Lunch for one day = $1.50.

So, cost of lunch for 8 days will be

That is, Gerard has spent $12 of his lunch money in 8 days.

Also, the total amount of money Gerard has for lunch = $30.

So, half of the lunch money will be

Since, 12 < 15, so Gerard has spent less than of his lunch money.

Thus, option (A) is correct.