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

10%

25%

87%

18%

Question

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


		
10%
		
25%
		
87%
		
18%

frozen15 · Answer

Percentage of net income = (Amount spent / Total amount) x 100

Percentage of net income = (120 / 2970) x 100 = 0.040404... x100 = 4.04%
Round 4.04 and you get 4%

Final answer: 4%