Question

3 8 of your income is spent on your monthly bills, 2 5 is spent on food and clothing and 1 10 goes on entertainment. You put the remainder of your monthly income into savings.

Answer 1

Fraction of saving = 1/8

Explanation:

Given:

Spent on bills = 3/8

Spend on food = 2/5

Spend on entertainment = 1/10

Find:

Fraction of saving

Computation:

Fraction of saving = 1 - Spent on bills - Spend on food - Spend on entertainment

Fraction of saving = 1 - 3/8 - 2/5 - 1/10

By taking LCM

Fraction of saving = [40 - 15 - 16 - 4]/40

Fraction of saving = [5]/40

Fraction of saving = 1/8