A Family of Four Budgeted the Following Amounts for Some $\frac { 5 } { 3 }$

question 134

Multiple Choice

A family of four budgeted the following amounts for some of their monthly bills, where a = $350, b = $70, c = $190, d = $210. What is the ratio of the house payment to the food bill?

• A) \(\frac { 5 } { 3 }\)
• B) \(\frac { 14 } { 1 }\)
• C) \(\frac { 21 } { 19 }\)
• D) \(\frac{3}{5}\)
• E) \(\frac { 19 } { 350 }\)

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Definitions:

Annual Withdrawals

The amount of money taken from an account or investment over the course of a year.

Interest

The expense associated with taking out a loan, usually represented as a yearly percent of the total loan value.

Years

A measurement of time equal to 365 days (or 366 days in a leap year), used to denote the duration or age of something.

Insurance Annuity

An insurance product that pays out income, typically used as a retirement strategy to provide individuals with a steady income in their post-work years.