If Tara spends $219 a month for her car payment and she makes $3,200 a month, what percent of her monthly income is spent on her car payment?

Question

Question 7 options:

A)

6.8%

B)

.68%

C)

680%

D)

8.6%

Answer 1

To find out what percent of Tara's monthly income is spent on her car payment, you can use the formula:

\[ \text{Percentage} = \left( \frac{\text{Car Payment}}{\text{Monthly Income}} \right) \times 100 \]

Substituting in the values:

\[ \text{Percentage} = \left( \frac{219}{3200} \right) \times 100 \]

Calculating the fraction:

\[ \frac{219}{3200} \approx 0.0684375 \]

Multiplying by 100 to get the percentage:

\[ 0.0684375 \times 100 \approx 6.84375% \]

Rounding to one decimal place, this is approximately 6.8%.

So the correct answer is:

A) 6.8%