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?
40%
1.7%
2.5%
4.0%
40%
1.7%
2.5%
4.0%
Answers
GPT-4o mini
To find out what percentage of Tim's budget goes towards paying for heating, we can use the formula for percentage:
\[
\text{Percentage} = \left( \frac{\text{Part}}{\text{Whole}} \right) \times 100
\]
In this case, the part is Tim's monthly heating bill of $170, and the whole is his average monthly salary of $6,800. Plugging in the values, we get:
\[
\text{Percentage} = \left( \frac{170}{6800} \right) \times 100
\]
Calculating the fraction:
\[
\frac{170}{6800} = 0.025
\]
Now, multiplying by 100 to get the percentage:
\[
0.025 \times 100 = 2.5\%
\]
Therefore, the percentage of his budget that goes towards paying for heating is **2.5%**.
\[
\text{Percentage} = \left( \frac{\text{Part}}{\text{Whole}} \right) \times 100
\]
In this case, the part is Tim's monthly heating bill of $170, and the whole is his average monthly salary of $6,800. Plugging in the values, we get:
\[
\text{Percentage} = \left( \frac{170}{6800} \right) \times 100
\]
Calculating the fraction:
\[
\frac{170}{6800} = 0.025
\]
Now, multiplying by 100 to get the percentage:
\[
0.025 \times 100 = 2.5\%
\]
Therefore, the percentage of his budget that goes towards paying for heating is **2.5%**.