2.

Ben lived in a condominium in downtown Toronto and works as a

business analyst. He earns an annual take home salary of $63,600 and

every month he spends $1000 on rent, $700 on car expenses, $200 on

line of credit interest payment, $900 on miscellaneous expenses, and

saves $2500.

a) What percent of his monthly take home salary are his monthly expenses?

b) Bens financial advisor suggested he invest 22.00% of his monthly take home

salary in a mutual fund. What percent of current savings would this amount

be?