Step-by-step explanation:
2a)
Budget : 6950$
Transportation:
6950 x 0.06
= $417
Savings:
6950 x 0.1
= $695
Food:
6950 x 0.2
= $1390
Cable/Phone:
6950 x 0.05
= $347.5
Others:
6950 x 0.09
= $625.5
Mortgage:
6950 x 0.25
= $1737.5
Clothing:
6950 x 0.15
= $1042.5
2b)
9% x 0.25
= 2.25%
