Answer:
The ratio of spending to savings last month is 8:5.
Step-by-step explanation:
Given : Heather and Joel are setting up a new budget. They have decided that the ratio of spending to saving needs to be 5:2.
They have added up all of their bills for last month and see that they spent a total of $4,231. They also see that they put $2538.60 in their savings account for the month.
To find : What was their actual ratio of spending to savings last month ?
Solution :
Total spent in the last month = $4231
The savings last month = $2538.60
Actual ratio of spending to savings last month is
[tex]=\frac{4231}{2538.60}[/tex]
[tex]=\frac{42310}{25386}[/tex]
[tex]=\frac{8}{5}[/tex]
Therefore, The ratio of spending to savings last month is 8:5.
