Question

If Leslie has a total monthly budget of $4000 and spends $500 on a car payment, What percentage of her monthly budget is dedicated to the car payment?

Answer 1

500 / 4000 = .125= 12.5%

Answer 2

12.5%

Explanation:

We have been given that Leslie has a total monthly budget of $4000 and spends $500 on a car payment.

To find the percentage of her monthly budget is dedicated to the car payment, we will find 500 is what percent of 4000.

`\text{Leslie's monthly budget dedicated to car payment}=(500)/(4000)* 100\%`

`\text{Leslie's monthly budget dedicated to car payment}=(50)/(4)\%`

`\text{Leslie's monthly budget dedicated to car payment}=12.5\%`

Therefore, 12.5% of Leslie's monthly budget is dedicated to the car payment.