Question

Antony has a net spendable income of $1,950 per month. What is the maximum recommended amount of money that he should budget for food for a month? Round to the nearest dollar.

Answer 1

The max budget for food is 17%

.17 x 1950 = 331.5

The answer is $332

Just took this test and got it right

Answer 2

Antony should spend under $390 per month and not more than that.

Explanation:

The maximum recommended amount of money that he should budget for food for a month should not exceed 20%

So, the maximum Antony should spend per month will be =

`(20)/(100)*1950` = $390

Hence, Antony should spend under $390 per month and not more than that.