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
%.

1 answer

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%.