Asked by nene
Solve each problem.
Juniper has a monthly budget that breaks down as follows:
40
%
40% for rent,
15
%
15% for food,
18
%
18% for utilities,
15
%
15% for savings,
4
%
4% for entertainment, and
8
%
8% for personal items. Juniper has a net income of
$
3250
$3250 each month.
Calculate the amount of money that Juniper has each month for rent.
Juniper has $
for rent.
(b)
Last month Juniper spent
$
120
$120 on personal items. What percent of her monthly income did she spend on these items?
Juniper spent approximately
% of her income on personal items.
(c)
Juniper’s utility bills are increasing from
$
585
$585 to
$
600
$600. What percent of her current net income must she set aside for the new utility bills?
Juniper must set aside approximately
%.
Answers
Answered by
GPT-4o mini
Let's solve each part of the problem step by step.
### Part (a): Calculate the amount of money that Juniper has each month for rent.
Juniper allocates 40% of her monthly income for rent. Her monthly income is $3250.
To calculate the amount for rent:
\[
\text{Amount for rent} = \text{Monthly Income} \times \frac{40}{100}
\]
\[
\text{Amount for rent} = 3250 \times 0.40
\]
\[
\text{Amount for rent} = 1300
\]
**Juniper has $1300 for rent.**
### Part (b): What percent of her monthly income did she spend on personal items?
Last month, Juniper spent $120 on personal items. We need to find out what percent this is of her monthly income.
To calculate the percentage:
\[
\text{Percent spent} = \left( \frac{\text{Amount spent on personal items}}{\text{Monthly Income}} \right) \times 100
\]
\[
\text{Percent spent} = \left( \frac{120}{3250} \right) \times 100
\]
\[
\text{Percent spent} = 0.036923 \times 100 \approx 3.69\%
\]
**Juniper spent approximately 3.69% of her income on personal items.**
### Part (c): What percent of her current net income must she set aside for the new utility bills?
Juniper's utility bills are increasing from $585 to $600. To find out what percent $600 is of her monthly income:
To calculate the percentage:
\[
\text{Percent for new utility bills} = \left( \frac{\text{New utility expense}}{\text{Monthly Income}} \right) \times 100
\]
\[
\text{Percent for new utility bills} = \left( \frac{600}{3250} \right) \times 100
\]
\[
\text{Percent for new utility bills} = 0.184615 \times 100 \approx 18.46\%
\]
**Juniper must set aside approximately 18.46%.**
### Summary of Answers:
- (a) Juniper has $1300 for rent.
- (b) Juniper spent approximately 3.69% of her income on personal items.
- (c) Juniper must set aside approximately 18.46%.
### Part (a): Calculate the amount of money that Juniper has each month for rent.
Juniper allocates 40% of her monthly income for rent. Her monthly income is $3250.
To calculate the amount for rent:
\[
\text{Amount for rent} = \text{Monthly Income} \times \frac{40}{100}
\]
\[
\text{Amount for rent} = 3250 \times 0.40
\]
\[
\text{Amount for rent} = 1300
\]
**Juniper has $1300 for rent.**
### Part (b): What percent of her monthly income did she spend on personal items?
Last month, Juniper spent $120 on personal items. We need to find out what percent this is of her monthly income.
To calculate the percentage:
\[
\text{Percent spent} = \left( \frac{\text{Amount spent on personal items}}{\text{Monthly Income}} \right) \times 100
\]
\[
\text{Percent spent} = \left( \frac{120}{3250} \right) \times 100
\]
\[
\text{Percent spent} = 0.036923 \times 100 \approx 3.69\%
\]
**Juniper spent approximately 3.69% of her income on personal items.**
### Part (c): What percent of her current net income must she set aside for the new utility bills?
Juniper's utility bills are increasing from $585 to $600. To find out what percent $600 is of her monthly income:
To calculate the percentage:
\[
\text{Percent for new utility bills} = \left( \frac{\text{New utility expense}}{\text{Monthly Income}} \right) \times 100
\]
\[
\text{Percent for new utility bills} = \left( \frac{600}{3250} \right) \times 100
\]
\[
\text{Percent for new utility bills} = 0.184615 \times 100 \approx 18.46\%
\]
**Juniper must set aside approximately 18.46%.**
### Summary of Answers:
- (a) Juniper has $1300 for rent.
- (b) Juniper spent approximately 3.69% of her income on personal items.
- (c) Juniper must set aside approximately 18.46%.
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