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Budgeting Basics/Percents
100

$34,000 at 4% for 3 years 

(Solve for the total amount)

$38,080.00

100
$1,240 at 8% compounded annually for 2 years

$1,446.34

100
$1,500 at 7% compounded annually for 3 years

$1,837.56

100

What does the 50 stand for in the 50-30-20 rule?

 This is a simple budgeting guideline that suggests allocating 50% of your after-tax income to needs

200

$210 at 8% for 7 years

(Solve for the total amount)

$327.60

200
$1,030 at 4% compounded annually for 2 years

$1,114.05

200
$7,300 at 7% compounded annually for 3 years

$8,942.81

200

What's the difference between gross annual income and net annual income?

Gross annual income is your total earnings before any deductions, while net annual income is the final amount you take home after taxes and other withholdings

300

$4,000 at 3% for 4 years

(Solve for the total amount)


$4,480.00

300
$12,700 at 8.8% compounded annually for 1 year

$13,817.60

300
$18,000 at 9% compounded annually for 6 years

$30,187.80

300

This is a personal finance strategy that prioritizes saving and investing before you pay for any other expenses, including bills.  

"Pay yourself first"

400

$20,600 at 8% for 2 years

(Solve for the total amount)


$23,896.00

400
$28,600 at 7.9% compounded annually for 2 years

$33,297.29

400
$55,000 at 16% compounded annually for 2 years

$74,008.00

400

On average, Americans spend 33.3% of expenditures on Housing. If the average American income was $74,125, how much would they spend on housing?

$24,461.25

500

$14,000 at 6% for 9 years

(Solve for the total amount)

$21,560.00

500
$130 at 9.4% compounded for 2 years

$155.59

500
$21,000 at 13.6% compounded annually for 4 years

$3,4972.98

500

The population of a town increased by 25% two years ago and then decreased by 25% last year. If the current population is 4,500, what was the population before these changes?

x * 1.25 * 0.75 = 4500 

(x is initial population)

x = 4,800