Look at jerry’s monthly budget below what percentage of jerry’s net income is put into his savings? net monthly income: 2,970.00 expenses: housing $750.00 utilities $120.00 food $450.00 transportation $650.00 healthcare expenses $200.00 savings $300.00 other expenses $500.00 total monthly expenses 2,970.00 a. 10% b. 25% c 18% d 87%

The correct choice is

A. 10%

Step-by-step explanation:

percentage of income put into saving is given as

Percentage of income put into saving = amount put into saving from total income  x 100 / Total income

Given that :

Savings =  $300.00

Net monthly income = 2,970.00

hence

Percentage of income put into saving = Savings  x 100 / Net monthly income

inserting the values

Percentage of income put into saving =  $300.00 x 100 / 2,970.00

Percentage of income put into saving = 10 %

hence correct choice is A. 10%

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step-by-step explanation: