Question

When deciding how much money to spend on a new car, a good rule of thumb to follow is to budget about one-fifth of your monthly net income for a car payment. How much should you set aside for the monthly car payment if your net in-come is $3,750? (Source: automotive.com)

Answer 1

3750(0.20)=$750
1/5 as a percent is 20% and as a fraction it is 0.20