Question

Heather and Joel are setting up a new budget. They have decided that the ratio of spending to saving needs to be 5:2.

They have added up all of their bills for last month and see that they spent a total of $4,231. They also see that they put $2538.60 in their savings account for the month.

What was their actual ratio of spending to savings last month

Answer 1

4231/2538.6 = 1.666666... = 5/3

It was 5:3.

Answer 2

The ratio of spending to savings last month is 8:5.

Explanation:

Given : Heather and Joel are setting up a new budget. They have decided that the ratio of spending to saving needs to be 5:2.

They have added up all of their bills for last month and see that they spent a total of $4,231. They also see that they put $2538.60 in their savings account for the month.

To find : What was their actual ratio of spending to savings last month ?

Solution :

Total spent in the last month = $4231

The savings last month = $2538.60

Actual ratio of spending to savings last month is

`=(4231)/(2538.60)`

`=(42310)/(25386)`

`=(8)/(5)`

Therefore, The ratio of spending to savings last month is 8:5.