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The Smith family has an annual income of Gh¢15,000.00. They planned to budget it in the following way: Make a pie chart to show the distribution of the money. What fraction of the money is spent on savings?
ScanSolve AI Answer
Step 1: Calculate the central angle for each expense category for the pie chart.
The total percentage is 100%, which corresponds to a full circle of .
- Food:
- Shelter:
- Clothing:
- Advancement:
- Operating expenses:
- Savings:
1.i) Make a pie chart to show the distribution of the money.
To draw the pie chart, divide a circle into sectors with the following central angles:
- Food:
- Shelter:
- Clothing:
- Advancement:
- Operating expenses:
- Savings:
1.ii) What fraction of the money is spent on savings?
From the table, the percentage spent on savings is 12%.
To express this as a fraction, we write 12% as .
Simplify the fraction by dividing both the numerator and the denominator by their greatest common divisor, which is 4.
The fraction of the money spent on savings is .
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