Question

Susan has a monthly net income of $1875. She saves $330 per month.

a) What percent of her monthly income does Susan save? Round to one decimal place. (Blank 1)
b) What percent of her monthly income does Susan spend? Round to one decimal place. (Blank 2)

Answer 1

Susan saves 17.6% of her monthly net income and spends 82.4%.

Step-by-step explanation:

To calculate the percentage of Susan's monthly income that she saves, we divide the amount saved by the total income and then multiply by 100:

Savings percentage = ($330 ÷ $1875) × 100 = 17.6%

Therefore, Susan saves 17.6% of her monthly income.

Next, to find out what percentage of her monthly income Susan spends, we subtract the savings percentage from 100%:

Spending percentage = 100% - 17.6% = 82.4%

Susan spends 82.4% of her monthly net income.