What is the process to get this answer?
Annie spends $600 a month on rent and makes $25,000 per year. To the nearest percent, what percent of her income does she spend on rent?
Answer: 29%
First, multiply: $600 * 12 = $7200
She spends $7200 a year on rent.
Next, divide: 7200 by 25,000 = 0.288
Convert the decimal to a percentage: 0.288 = 29%
What is the total cost of a chair for 9.99 with 8 1/2 sales tax?
To find the percentage of Annie's income that she spends on rent, we need to follow a few steps:
1. Calculate Annie's monthly income: Since she makes $25,000 per year, divide that by 12 to get her monthly income. So, Annie's monthly income is $25,000 / 12 = $2,083.33.
2. Calculate the percentage of her income spent on rent: Divide Annie's monthly rent ($600) by her monthly income ($2,083.33). This will give us a decimal value representing the portion of her income spent on rent: $600 / $2,083.33 = 0.287999.
3. Convert the decimal into a percentage: Multiply the result from step 2 by 100 to get the percentage: 0.287999 * 100 = 28.8 (rounded to one decimal place).
Since we need to round to the nearest percent, we round the percentage to the nearest whole number: 29%.
So, the answer is that Annie spends approximately 29% of her income on rent.