Answer: See explanation
Step-by-step explanation:
Here's the complete question:
A family has a monthly budget of $2,400. How much money is spent on each category? 44% is spent on housing. 23% is spent on food. 6% is spent on clothing. 17% is spent on transportation. The rest is put into savings.
Housing = 44%
Food = 23%
Clothing = 6%
Transportation = 17%
Savings = 1 - (44% + 23% + 6% + 17%) = 10%
Amount spent on Housing = 44% × $2400 = 0.44 × $2400 = $1056
Amount spent on Food = 23% = 23% × $2400 = 0.23 × $2400 = $552
Amount spent in Clothing = 6% = 6% × $2400 = 0.06 × $2400 = $144
Amount spent on Transportation = 17% = 17% × $2400 = 0.17 × $2400 = $408
Savings = 10% = 10% × $2400 = 0.1 × $2400 = $240
