Tom spends 30% of his monthly budget on rent. His total monthly budget is $3,000. How much does Tom spend on rent?
Mathematics · Middle School · Thu Feb 04 2021
Answered on
Given the statement:
Tom spends 30% of his monthly budget on rent. His total monthly budget is $3,000.
Determine how much Tom spend on rent.
Solution:
To determine how much Tom is spending on rent, we simply need to multiply 3000 to the decimal value of 30%. In converting a percentage into decimal, divide the percentage by 100, hence in converting a decimal to percentage, multiply the percentage by 100.
= 30/100
= 0.3
= ($3000)(0.3)
= $900
Final answer:
Tom spent $900 on rent.