Question

Rapunzel has a monthly budget of $4,462 after taxes. She plans her

budget according to the following table.
Item
Percentage
Mortgage
28%
Transportation 23%
Food
20%
Healthcare
8%
Other
6%
Savings
15%
How much does Rapunzel save each month?

Answer 1

$669.30

Explanation:

You want to know the amount Rapunzel saves each month if she saves 15% of her $4462 monthly income.

Amount

The amount is found by multiplying the income by the savings rate:

15% × $4462 = 0.15 × $4462 = $669.30

Rapunzel saves $669.30 each month.

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Additional comment

We can't tell if you're required to round this amount to the nearest dollar. If so, the rounded savings amount would be $669.

A calculator often omits trailing zeros. Its answer of 669.3 dollars will be expressed with 2 decimal places as 669.30, as monetary values usually are.

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