Bob tracked his spending for the previous year. The given circle graph shows his spending divided up into 7 categories. If Bob makes $78,200 per year, use the graph to predict the amount of money that he will spend on miscellaneous costs this year.
Question
Bob tracked his spending for the previous year. The given circle graph shows his spending divided up into 7 categories. If Bob makes $78,200 per year, use the graph to predict the amount of money that he will spend on miscellaneous costs this year.
Solution
Sure, let's go through the steps to determine the amount of money Bob will spend on miscellaneous costs this year.
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Identify the percentage for miscellaneous costs: Look at the circle graph and find the percentage that corresponds to miscellaneous costs.
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Convert the percentage to a decimal: Divide the percentage by 100. For example, if the miscellaneous costs are 10%, then 10% / 100 = 0.10.
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Calculate the amount spent on miscellaneous costs: Multiply Bob's annual income by the decimal obtained in the previous step. For example, if Bob's income is 78,200 * 0.10.
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Result: The result from the multiplication will give you the amount of money Bob will spend on miscellaneous costs this year.
Let's assume the percentage for miscellaneous costs is 10% for this example:
- Percentage for miscellaneous costs: 10%
- Convert to decimal: 10% / 100 = 0.10
- Calculate the amount: 7,820
Therefore, Bob will spend $7,820 on miscellaneous costs this year.
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