Question

Tim earns an average monthly salary of $6,800 and wants to create a budget. His heating bill costs $170 per month. What percentage of his budget goes towards paying for heating?

Answer 1

To find out what percentage of Tim's budget goes towards paying for heating, we can use the following formula:

\[
\text{Percentage} = \left( \frac{\text{Heating Bill}}{\text{Monthly Salary}} \right) \times 100
\]

Plugging in the numbers:

\[
\text{Heating Bill} = 170
\]
\[
\text{Monthly Salary} = 6800
\]

Now, we calculate:

\[
\text{Percentage} = \left( \frac{170}{6800} \right) \times 100
\]

Calculating the fraction:

\[
\frac{170}{6800} = 0.025
\]

Now, we multiply by 100 to convert it to a percentage:

\[
0.025 \times 100 = 2.5\%
\]

Thus, the percentage of Tim's budget that goes towards paying for heating is **2.5%**.