Question

Nina and Nathan are creating a budget so they can afford paying all their billsand save to move to a nicer apartment. They decide that the ratio of spendingto saving needs to be 7:3. Last month their bills totaled $3975.20. Theymanaged to save $1,248.00. What was their actual spending ratio? At thisrate, will they meet their goal?

Answer 1

The ratio of spending to savings needs to be 7:3.

The actual spending ratio is 3,975.20 : 1,248.00.

In order to reach the goal, the actual spending ratio must the lower than the decided spending ratio.

3,975.20 : 1,248.00 < 7:3.

Dividing the ratios:

3.18 < 2.33

Since 2.33 is not greater than 3.18, they will not reach their goal at this rate.