Problema Solution
This is Paula's monthly budget. What percent of her expenses is spent on insurance?
housing - 500.00
utilities-174.00
insurance-283.00
food-225.00
miscellaneous-75.00
clothing -50.00
medical-25.00
savings-20.00
total expenses - 1,416.00
Answer provided by our tutors
%age spent on insurance = ($283.00/$1,416.00)*100% = 19.986%