Question

HELP

Answer 1

Look at Jerry's monthly budget below. What percentage of Jerry's net income is put into his savings?


Net Monthly Income: $2,970.00



Expenses:


Housing: $750.00

Utilities: $120.00

Food: $450.00

Transportation: $650.00

Healthcare expenses: $200.00

Savings: $300.00

Other expenses: $500.00



Total Monthly Expenses: $2,970.00



87%

18%

25%

10%

Answer 2

So this is the same process as before:

percentage of income = (amount put into savings / total net income) x 100
percentage of income = (300 / 2970) x 100
percentage of income = 0.1010110... x100
percentage of income = 10.1010.... %

Which once rounded = 10%

Answer 3

thanks

Answer 4

no problem :)