Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.
Sagot :
Considering that their household expenses is of $120,000, the mortgage is 12% of their expenses.
The percentage of an amount a of an amount b is a multiplied by 100% and divided by b, that is:
[tex]P = \frac{a}{b} \times 100\%[/tex]
In this problem, the mortgage is of $14,400, while the total expenses are considered to be of $120,000, hence:
[tex]P = \frac{14400}{120000} \times 100\% = 12\%[/tex]
The mortgage is 12% of their expenses.
You can learn more about percentages at https://brainly.com/question/24729807
We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.
