Based on the given information on the pie chart, the correct answer is 19.42%.
How to determine the percentage
To determine the percentage of the total monthly income allocated for savings, we need to calculate the proportion of savings relative to the total income and express it as a percentage.
First, find the total monthly income by summing up the values in the household budget:
Total Monthly Income = Miscellaneous + Food + Housing + Transportation + Clothing + Savings + Utility Bills + Education
Total Monthly Income = $700 + $500 + $900 + $300 + $200 + $1000 + $350 + $1200
Total Monthly Income = $5,150
Next, we can calculate the percentage of savings:
Percentage of Savings = (Savings / Total Monthly Income) * 100
Percentage of Savings = ($1000 / $5,150) * 100
Percentage of Savings ≈ 19.42%
Rounding to the nearest hundredth, approximately 19.42% of the total monthly income was set aside for savings.
Given the answer choices provided, the correct answer is 19.42%.
The Sanchez family's household budget is shown in the pie chart. Approximately what percentage of the total monthly income was set aside for savings? Round to the nearest hundredth. (1 point) 18.24% 0.19% 19.42% 19.61%
miscellaneous = $700, food = $500, housing =$900, transportation = $300, clothing =$200, savings =$ $1000, utility bills = $ 350, education = $1200,