The Sanchez family’s household budget is shown in the pie chart. Approximately what percentage of the total monthly income was set aside for savings? Round to the nearest hundredth.
Utility bills: $350
Savings: $1000
Clothing: $200
Transportation: $300
Housing: $900
Food: $500
Miscellaneous: $700
Eduation: $1200
To find the percentage of the total monthly income set aside for savings, we need to find the ratio of the savings amount to the total monthly income and then convert it to a percentage.
Total monthly income = sum of all the expenses
Total monthly income = Utility bills + Savings + Clothing + Transportation + Housing + Food + Miscellaneous + Education
Total monthly income = $350 + $1000 + $200 + $300 + $900 + $500 + $700 + $1200 = $4150
Percentage of total monthly income set aside for savings = (Savings / Total monthly income) * 100
Percentage of total monthly income set aside for savings = ($1000 / $4150) * 100
Percentage of total monthly income set aside for savings ≈ 0.24096 * 100
Percentage of total monthly income set aside for savings ≈ 24.10%
Approximately 24.10% of the total monthly income was set aside for savings.
The Sanchez family’s household budget is shown in the pie chart. Approximately what percentage of the total monthly income was set aside for savings? Round to the nearest hundredth.
(1 point)
Responses
19.42%
19.42%
18.24%
18.24%
19.61%
19.61%
0.19%
To find the percentage of the total monthly income set aside for savings, we need to find the ratio of the savings amount to the total monthly income and then convert it to a percentage.
Total monthly income = sum of all the expenses
Total monthly income = Utility bills + Savings + Clothing + Transportation + Housing + Food + Miscellaneous + Education
Total monthly income = $350 + $1000 + $200 + $300 + $900 + $500 + $700 + $1200 = $4150
Percentage of total monthly income set aside for savings = (Savings / Total monthly income) * 100
Percentage of total monthly income set aside for savings = ($1000 / $4150) * 100
Percentage of total monthly income set aside for savings ≈ 0.24096 * 100
Percentage of total monthly income set aside for savings ≈ 24.10%
The correct answer is 24.10%, which is not listed in the given options.