To find the percentage allocated for savings, we need to divide the amount set aside for savings by the total monthly income and then multiply by 100.
Total monthly income: Miscellaneous + Food + Housing + Education + Transport + Utility bills + Clothing + Savings
Total monthly income = 700 + 500 + 900 + 1200 + 300 + 350 + 200 + 1000 = 5150
Percentage allocated for savings = (Savings/ Total monthly income) * 100
Percentage allocated for savings = (1000 / 5150) * 100 ≈ 19.41%
To the nearest hundredth, the percentage of the total monthly income set aside for savings is approximately 19.41%.
Therefore, the closest answer choice is 19.40%.
Miscellaneous 700
Food 500
Housing 900
Education 1200
Transport 300
Utility bills 350
Clothing 200
Savings 1,000
This Mitch family household budget is shown in a pie chart approximately what percentage of the total monthly income was set aside for savings round to the nearest hundredth
19.61%
0.19%
19.40%
18.24%
1 answer
3 answers