Answered: 5. The pie chart below represents… | bartleby

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section7.4: The Percent Equation

Problem 28E

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5. HELP

### Understanding Monthly Budgets: Eliana's Example

#### Problem Statement:
The pie chart below represents Eliana's monthly budget. What percentage of her budget is allocated to savings?

#### Pie Chart Explanation:
The pie chart illustrates the distribution of Eliana's monthly expenses in different categories. Each colored section of the chart corresponds to a specific category of expenditure, along with the monetary value. Below is a detailed breakdown of the categories and their allocations:

1. **Car Expenses - $429**
- Color: Green

2. **Housing - $924**
- Color: Purple

3. **Utilities - $198**
- Color: Yellow

4. **Groceries - $528**
- Color: Blue

5. **Savings - $858**
- Color: Dark Green

6. **Other - $363**
- Color: Orange

#### Analyzing Savings:
The savings portion is represented by the dark green section of the pie chart. The amount allocated for savings is $858. To determine the percentage of the budget that goes to savings, we need to calculate the total monthly budget and then find the percentage that $858 represents.

### Calculation:
1. **Total Monthly Budget = Sum of All Categories**
- Total Budget = $429 (Car Expenses) + $924 (Housing) + $198 (Utilities) + $528 (Groceries) + $858 (Savings) + $363 (Other)
- Total Budget = $3300

2. **Percentage of Budget Allocated to Savings**
- Savings Percentage = (Savings Amount / Total Budget) * 100
- Savings Percentage = ($858 / $3300) * 100
- Savings Percentage ≈ 26%

Therefore, **approximately 26% of Eliana's monthly budget is allocated to savings**. This detailed categorization helps in understanding budget management and financial planning.

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