Question

in order to save enough money for his annual vacation, luke created a monthly budget.
lukes monthly budget
month budget
april $753
may $529
june $113
july $751
august $181
according to the table, when was the rate of decrease greater?
between april and may
between july and august

Explanation:

Step1: Calculate the rate of decrease between April and May

The formula for the rate of decrease is \(\text{Rate of Decrease}=\frac{\text{Original Value}-\text{New Value}}{\text{Original Value}}\).
For April (\(O = 753\)) and May (\(N=529\)):

$$
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$$

Step2: Calculate the rate of decrease between July and August

For July (\(O = 751\)) and August (\(N = 181\)):

$$
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$$

Answer:

between July and August