Budgeting

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#18570

Stephen earned $19 840 a year. He spent 32% of it on rent and 60% of the remainder on living expenses. How much did he have left?
rent = 19 840 × 32% = $6,348.80	calculate the rent by finding 32% of $19,840
remainder = 19 840 – 6 348.80 = $13 491.20	calculate the remainder by subtracting the rent from his salary
living expenses = 13,491.20 × 60% = $8 094.72	find 60% of the remainder, which is spent on living expenses
= $19 840 – $6 348.80 – $8 094.72 = $5 396.48	Money left over = income – all expenses (rent and living)

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#18572

Ryan earns $620 per week. The graph below shows the break-up of this income. a. What name do we give to this type of graph? b. Determine how much per week Ryan spends on entertainment. c. What percentage of Ryan’s income goes towards Health Insurance?
a. divided bar graph
b. $$\frac{5}{21}\times $620$$ = $147.62	there are 21 blocks across, and entertainment is 5 blocks
c. $$\frac{2}{21}\times 100$$ = 9.5%	there are 2 blocks out of 21 for health insurance, and multiply it by 100 to change to a percent

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