Question

1. mr. and mrs. riddle create a monthly household budget to keep their finances in order. their budget is shown in the circle graph below.

a. what two categories account for approximately 25% of the budget?
b. which three categories account for more than 60% of the budget?
c. the riddle family has a total monthly budget of $3,400. if the utilities represent 15% of the budget, then how much money is the riddle family spending on utilities each month?
d. the riddle family income is $3,400 per month. they spend $1,088 per month on housing. us that information to determine the percent of the budget spent on housing.

Explanation:

Step1: Analyze the circle graph for part a

By visually inspecting the circle - graph, we can see that the "Savings" and "Spending" categories together make up approximately 25% of the budget.

Step2: Analyze the circle graph for part b

Looking at the circle - graph, the "Housing", "Food", and "Transportation" categories together account for more than 60% of the budget.

Step3: Calculate for part c

The formula to find the amount spent on utilities is \( \text{Amount}=\text{Total budget}\times\text{Percentage}\). Given the total budget \(T = 3400\) and the percentage for utilities \(p=15\%=0.15\).

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Step4: Calculate for part d

The formula to find the percentage spent on housing is \(p=\frac{\text{Amount spent on housing}}{\text{Total budget}}\times100\). Given the amount spent on housing \(A = 1088\) and the total budget \(T = 3400\).

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Answer:

a. Savings and Spending
b. Housing, Food, and Transportation
c. \(\$510\)
d. \(32\%\)