Question

The Harts spend 30% of their disposable income on housing, 5% on medical expenses, 25% on...

The Harts spend 30% of their disposable income on housing, 5% on medical expenses, 25% on food, 10% on clothing, 14% on loan repayments, and 8% on entertainment. How much of their disposable income is available for savings and investment?

Homework Answers

Answer #1

Solution :

8 % of the Disposable Income of Harts is available for savings and Investment.

Thus the solution is Savings and Investment = 8 %

The solution has been arrived by taking the Disposable Income % = 100 %

Please find the attached screenshot of the excel sheet containing the detailed calculation for the solution.

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