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
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
Solution:
P(insurance) = 283/1416 = 19.99%
So the percent of her expenses is spent on insurance is 19.99%