The riddle family has a total monthly budget of $3400 if the
utilities represents 15% of the budget and how much money is the riddle family spend on utilities each year
This is confusing
😂
510
To find out how much money the Riddle family spends on utilities each year, we need to determine the monthly amount allocated for utilities first.
Step 1: Calculate the monthly budget allocated for utilities.
We know that utilities represent 15% of the total monthly budget.
Amount for utilities = 15% of total monthly budget
To calculate the amount, we can use the following formula:
Amount for utilities = (15/100) x total monthly budget
Given that the total monthly budget is $3400, we can calculate the amount for utilities as follows:
Amount for utilities = (15/100) x $3400
Amount for utilities = 0.15 x $3400
Amount for utilities = $510
So, the monthly amount allocated for utilities is $510.
Step 2: Calculate the yearly amount spent on utilities.
Since we want to find out the amount spent on utilities each year, we need to multiply the monthly amount by 12 (number of months in a year).
Yearly amount spent on utilities = Monthly amount allocated for utilities x 12
Using the calculated monthly amount of $510, we can now calculate the yearly amount as follows:
Yearly amount spent on utilities = $510 x 12
Yearly amount spent on utilities = $6120
Therefore, the Riddle family spends $6120 on utilities each year.
Multiply:
0.15 * 3400 = $________ utilities cost per month
Multiply the monthly cost by 12.