Question

1. surprise - your grandma gave you $100 for your birthday! how do you divide this money to spend on things you need, things you want, and money for savings? write down the percentage you would put in each bucket and then fill in the circle to create a pie chart that represents your breakdown below! % in needs % in wants % in savings

Explanation:

Step1: Determine the percentage for each category

Let's assume 40% for needs, 30% for wants, and 30% for savings. These are common and reasonable breakdowns.

Step2: Calculate the amount of money for each category

For needs: \(100\times0.4 = 40\) dollars.
For wants: \(100\times0.3=30\) dollars.
For savings: \(100\times0.3 = 30\) dollars.

Step3: Create the pie - chart

• The sector for needs will have a central angle of \(0.4\times360^{\circ}=144^{\circ}\)
• The sector for wants will have a central angle of \(0.3\times360^{\circ} = 108^{\circ}\)
• The sector for savings will have a central angle of \(0.3\times360^{\circ}=108^{\circ}\)

Answer:

40% in Needs, 30% in Wants, 30% in Savings. (The pie - chart can be drawn with the central angles calculated above. For example, use a protractor to measure \(144^{\circ}\) for the needs sector, \(108^{\circ}\) for the wants sector, and \(108^{\circ}\) for the savings sector within a circle)