Question

Amanda has a salary of $1,500 per month and she divides her income in the following way: Expense Amount of Money Savings $475 Car payment and Insurance $425 Phone and internet $175 Food $225 Clothes $100 Misc. $100 Which statement is true? Amanda spends 15% of her salary on food. Amanda spends 50% of her salary on savings and car payment and insurance combined. Amanda spends 10% of her salary on phone and internet. Amanda spends 5% of her salary on clothes.

Answer 1

Answer:

True :  Amanda spends 15% of her salary on food.

False:  Amanda spends 50% of her salary on savings and car payment and insurance combined.

False:  Amanda spends 10% of her salary on phone and internet.

False: Amanda spends 5% of her salary on clothes.

Step-by-step explanation:

The monthly salary of Amanda =   $1,500

Money Savings  =  $475 , Car payment and Insurance   = $425

Phone and internet  =  $175   , Food  =  $225  , Clothes = $100  Misc. = $100

Now, check each of the given statements:

1) Amanda spends 15% of her salary on food.

Now,15% of $1500  =  $\frac{15}{100} \times 1500 = 225$

⇒ 15 % of her salary is $225.

So, the given statement is TRUE.

2) Amanda spends 50% of her salary on savings and car payment and insurance combined.

Now,50% of $1500  =  $\frac{50}{100} \times 1500 = 750$

Also, combined amount of savings and car payment insurance

=  $475 + $425 = $900

But 50 % of her salary is $750.

So, the given statement is FALSE.

3)  Amanda spends 10% of her salary on phone and internet.

Now,10% of $1500  =  $\frac{10}{100} \times 1500 = 150$

⇒ 10 % of her salary is $150.  But she spends $175 on phone and internet

So, the given statement is FALSE.

4)Amanda spends 5% of her salary on clothes.

Now,5% of $1500  =  $\frac{5}{100} \times 1500 = 75$

⇒ 5 % of her salary is $75.  But she spends $100 on her clothes.

So, the given statement is FALSE.