Laura budgets $54 each month for annual expenses. she nets $1820 semimonthly. what percent of her net monthly income does she budget for annual expenses?

1%

3%

6%

8%

Question

Mathematics

Ryker

14 December, 20:32

Laura budgets $54 each month for annual expenses. she nets $1820 semimonthly. what percent of her net monthly income does she budget for annual expenses?

1%

3%

6%

8%

+4

Answers (2)

Know the Answer?

Rodney Mckee · Answer 1

Since the income known in the problem is for semi-monthly (meaning every half of the month), we should compute for the monthly income because we what know is the amount of money Laura allots on a monthly basis for her annual expenses.

Since semi-monthly income is received twice per month, the monthly income of Laura is two times her semi-monthly income ( = $1820). That is,

monthly income

= 2 * semi-monthly income

= 2 * $1820

monthly income = $3,640

Because $54 is budgeted each month for annual expenses, the percentage of the monthly income that is allocated for annual expenses is computed as

percentage of the monthly income

= ((monthly income allocated for annual expenses) : (monthly income)) * 100%

= ($54 : $3,640) * 100%

≈ 0.0148351648 * 100%

percentage of the monthly income ≈ 1%

Alessandra Vincent · Answer 2

Answer: The correct answer is 1%.

If she is getting $1820 semimonthly. That means that she is getting $3640 per month. 1820 x 2 = 3640

Now, we just need to find the percent of that which goes for the annual expenses.

Divide 54 by 3640 and multiply by it 100 to get a percent of 1.4% which can be rounded to 1%.

Laura budgets $54 each month for annual expenses. she nets $1820 semimonthly. what percent of her net monthly income does she budget for annual expenses?1%3%6%8%

Laura budgets $54 each month for annual expenses. she nets $1820 semimonthly. what percent of her net monthly income does she budget for annual expenses?

1%

3%

6%

8%