Thursday, February 19, 2009

Hi Class!We have been learning and working with percents in equations and proportions. Here is your assignment for today:You have just graduated college and have found your dream job as a vet. Let's pretend you will be making around $1200 per month, depending on overtime, bonuses, etc. Now here is the deal - you need to make sure you manage your money wisely. Answer the following questions:

1) Your rent plus utilities (gas, water, internet, phone, etc.) is $540 a month! What percentage of your monthly income is this?
45%
2) You spend about 6% of your income per month on your cell phone bill! What amount is this?
$72
3) You usually spend around $200 per month on groceries. Find this percentage.
16.7%
4) You spend about $40 per week on gas filling your car's gas tank! What percentage of your monthly income is spent on gas?
13.3%
5) You like to use the remaining money and split it - using 60% on entertainment (movies, shopping, etc.) and putting the other 40% in savings. About how much money is spent on entertainment and how much is put in savings?
Entertainment: $136.80
Savings: $91.20

1 comment:

Emma :) said...

i love ur new icon. the cow is awesome :)