Questions: The pie chart below shows how the total annual income for a certain family is spent. If the amount budgeted for Insurance, Savings, and Auto combined is 23,200, what is the total family income?

The pie chart below shows how the total annual income for a certain family is spent. If the amount budgeted for Insurance, Savings, and Auto combined is 23,200, what is the total family income?
Transcript text: The pie chart below shows how the total annual income for a certain family is spent. If the amount budgeted for Insurance, Savings, and Auto combined is $\$ 23,200$, what is the total family income?
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Solution

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Solution Steps

Step 1: Identify the given information

The problem states that the combined budget for Insurance, Savings, and Auto is $23,200. The pie chart provides the percentages for each category:

  • Insurance: 10%
  • Savings: 7%
  • Auto: 12%
Step 2: Calculate the combined percentage

Add the percentages for Insurance, Savings, and Auto: \[ 10\% + 7\% + 12\% = 29\% \]

Step 3: Set up the equation to find the total family income

Let \( x \) be the total family income. According to the problem, 29% of the total family income is $23,200. Set up the equation: \[ 0.29x = 23,200 \]

Step 4: Solve for the total family income

Divide both sides of the equation by 0.29 to find \( x \): \[ x = \frac{23,200}{0.29} \] \[ x = 80,000 \]

Final Answer

The total family income is $80,000.

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