Question

25.Use the circle graph and an average monthly income of $1,825 to findthe amount of money that is budgeted for each category in problems 25-34?

Answer 1

Given data:

The total average monthly income is I=$1,825.

The budget on housing is,

`\begin{gathered} H=1825((27)/(100)) \\ =492.75 \end{gathered}`

The budget on Food is,

`\begin{gathered} F=1825((20)/(100)) \\ =365 \end{gathered}`

The budget on transportation is,

`\begin{gathered} T=1825((13)/(100)) \\ =237.25 \end{gathered}`

The budget on clothing is,

`\begin{gathered} C=1825((9)/(100)) \\ =164.25 \end{gathered}`

The budget on saving is,

`\begin{gathered} S=1825((8)/(100)) \\ =146 \end{gathered}`

The budget on gift is,

`\begin{gathered} G=1825((7)/(100)) \\ =127.75 \end{gathered}`

The budget on insurance and entertainment is equal.

`\begin{gathered} i=e=1825((5)/(100)) \\ =91.25 \end{gathered}`

The budget on health and miscellaneous is equal.

`\begin{gathered} h=m=1825((3)/(100)) \\ =54.75 \end{gathered}`