Question

If you plan to spend 9% of your monthly income on medical expenses, how much would you budget for a monthly income of $1,550?

Answer 1

Answer:

1410.5

Step-by-step explanation:

1550 x .9 = 139.5

1550 - 139.5 = 1410.5

Answer 2

Answer: you would've spent $139.50 on medical expenses.

Step-by-step explanation: If you are spending, there has to be a decrease on your monthly income. So therefore you have to subtract 9% to 100%. 9% as a decimal is .09. 100% as a decimal is 1.0. So subtract 1-.09 and then you get .91.

Finally, then you would multiply 1,550 by .09 to get how much you've spent on medical expenses.

1,550 times .09 equals 139.5. So you would've spent $139.50 on medical expenses.