Question
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.
Savings $1,000
Total budget 5,150
Savings $1,000
Total budget 5,150
Answers
GPT-4o mini
To find the percentage of the total monthly income that was set aside for savings, you can use the following formula:
\[
\text{Percentage for savings} = \left( \frac{\text{Savings}}{\text{Total Budget}} \right) \times 100
\]
In this case, the savings is $1,000 and the total budget is $5,150.
\[
\text{Percentage for savings} = \left( \frac{1000}{5150} \right) \times 100
\]
Calculating this gives:
\[
\text{Percentage for savings} = \left( 0.194174757 \right) \times 100 \approx 19.42
\]
Therefore, the percentage of the total monthly income set aside for savings is approximately **19.42%**.
\[
\text{Percentage for savings} = \left( \frac{\text{Savings}}{\text{Total Budget}} \right) \times 100
\]
In this case, the savings is $1,000 and the total budget is $5,150.
\[
\text{Percentage for savings} = \left( \frac{1000}{5150} \right) \times 100
\]
Calculating this gives:
\[
\text{Percentage for savings} = \left( 0.194174757 \right) \times 100 \approx 19.42
\]
Therefore, the percentage of the total monthly income set aside for savings is approximately **19.42%**.