Question

QUESTION 7DraftsMoreAfter looking over your finances, you have determined that you spend $9 for every $16 that you make. If you made $40,000 in a given year, how much did you spend that year?O A $17,500O B. $22,500OC. $24,875O D. $29,325

Answer 1

Answer;

`B;\text{ \$22,500}`

Explanation;

From the question, we have it that for every $9 spent, $16 is made

So we have a ratio of 9 to 16; expenditure to income

This must stay constant

We will use this to make an evaluation as follows;

Let us call the amount spent as x

Thus;

`\begin{gathered} (9)/(16)=(x)/(40,000) \\ \\ x\text{ = }(40,000*9)/(16) \\ \\ x\text{ = \$22,500} \end{gathered}`