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While taking a personal finance course, Lakshmi decided to create and follow a personal financial plan. To estimate her annual expenses, she kept track of everything that she spent for one month. She was surprised to discover that she spent $150 on clothing and accessories. If Lakshmi decided to cut her monthly clothing and accessories expenditure in half, how much could she save in a year?

Respuesta :

Using proportions, it is found that she would save $900 in a year.

What is a proportion?

A proportion is a fraction of a total amount, and the measures are related using a rule of three. Due to this, relations between variables, either direct(when both increase or both decrease) or inverse proportional(when one increases and the other decreases, or vice versa), can be built to find the desired measures in the problem, or equations to find these measures.

She spends $150 a month on clothing and accessories, hence, if she saves half of that, the amount saved in a month is:

0.5 x 150 = $75.

In a year, this amount will add up to:

75 x 12 = $900.

More can be learned about proportions at https://brainly.com/question/24372153

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