Question

if your annual expenses are 7000, your monthly living expenses are $870 and your monthly fixed expenses are $987 find your monthly share of annual expenses and your total monthly expenses

Answer 1

The percentage of the monthly share of the annual expenses will be 26.53%.

How to solve percentage

The monthly share of the annual expenses will be:

= (870 + 987)/7000 × 100

= 1857/7000 × 100

= 26.53%

The total monthly expenses will be:

= 870 + 987

= $1857

In conclusion, the percentage of the monthly share of the annual expenses is 26.53% and the total monthly expenses is $1857.

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