Question

20 points

Look at Jerry's monthly budget below. What percentage of Jerry's net income put into his savings?



Net Monthly Income: $2,970.00




Expenses:



Housing: $750.00


Utilities: $120.00


Food: $450.00


Transportation: $650.00


Healthcare expenses: $200.00


Savings: $300.00


Other expenses: $500.00




Total Monthly Expenses: $2,970.00


Options


A) 10%


B) 25%


C) 18%


D) 87%

Answer 1

To Find the percentage, divide the amount he put into savings, by the total net income, then multiply by 100:

300 / 2970 = 0.1010

0.1010 x 100 = 10.1%, which can be rounded to 10%

The answer is A.