The question on this assignment is: Annual Income is $35,500. In a year $10,830 is spent on housing. What percent of the income is spent on housing? In a year, $5347 was spent on transportation out of $35,500. What percent of income was spent?  This is how I solved the problem: 10,830/35,500= 0.305 = 31%  5,347/35,500=0.1506= 15%  I was wondering if these answers were correct and if not, if I could have some assistance with them.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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The question on this assignment is: Annual Income is $35,500. In a year $10,830 is spent on housing. What percent of the income is spent on housing?

In a year, $5347 was spent on transportation out of $35,500. What percent of income was spent? 

This is how I solved the problem: 10,830/35,500= 0.305 = 31% 

5,347/35,500=0.1506= 15% 

I was wondering if these answers were correct and if not, if I could have some assistance with them. 

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