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%