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A family of 4 whose gross monthly income is 45,000 pesos budgeted the following amounts for their majority monthly expense.

House loan payment 15, 000
Savings 15,000
Groceries 8, 000
Water and electricity bill 4, 000
Others 3, 000

What is the ratio of the house loan payment to groceries?
What is the ratio of their savings to their gross monthly income?
What is the ratio of the other expenses to the gross monthly income?
What is the ratio of the grocery expenses to the water and electricity bill?
What is the ratio of the other expenses to the house loan payment?
What is the ratio of the house loan payment to the gross monthly income?
What is the ratio of the gross monthly income to grocery expenses?
What is the ratio of the gross monthly income to water and electricity bill?
What is the ratio of the house loan payment to savings?
What is the ratio of the house loan payment and savings to gross monthly income?

Sagot :

dexinneleecasanova

Answer:

1. Ratio of the house loan payment to groceries: 1.875

2. Ratio of their savings to their gross monthly income: 0.333

3. Ratio of the other expenses to the gross monthly income: 0.067

4. Ratio of the grocery expenses to the water and electricity bill: 2

5. Ratio of the other expenses to the house loan payment: 0.2

6. Ratio of the house loan payment to the gross monthly income: 0.333

7. Ratio of the gross monthly income to grocery expenses: 5.625

8. Ratio of the gross monthly income to water and electricity bill: 11.25

9. Ratio of the house loan payment to savings: 1

10. Ratio of the house loan payment and savings to gross monthly income: 0.667

Solution:

To find the answers to these questions, we can calculate the ratios between the different expenses and income categories.

1. Ratio of the house loan payment to groceries:

House loan payment / Groceries = 15,000 / 8,000 = 1.875

2. Ratio of their savings to their gross monthly income:

Savings / Gross monthly income = 15,000 / 45,000 = 0.333

3. Ratio of the other expenses to the gross monthly income:

Others / Gross monthly income = 3,000 / 45,000 = 0.067

4. Ratio of the grocery expenses to the water and electricity bill:

Groceries / Water and electricity bill = 8,000 / 4,000 = 2

5. Ratio of the other expenses to the house loan payment:

Others / House loan payment = 3,000 / 15,000 = 0.2

6. Ratio of the house loan payment to the gross monthly income:

House loan payment / Gross monthly income = 15,000 / 45,000 = 0.333

7. Ratio of the gross monthly income to grocery expenses:

Gross monthly income / Groceries = 45,000 / 8,000 = 5.625

8. Ratio of the gross monthly income to water and electricity bill:

Gross monthly income / Water and electricity bill = 45,000 / 4,000 = 11.25

9. Ratio of the house loan payment to savings:

House loan payment / Savings = 15,000 / 15,000 = 1

10. Ratio of the house loan payment and savings to gross monthly income:

(House loan payment + Savings) / Gross monthly income = (15,000 + 15,000) / 45,000 = 0.667

I hope it helps you, good luck!

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