Answer:
33%
Step-by-step explanation:
To find out what percentage of your money you need to pay for the bill, follow these steps:
1. Calculate the percentage of your money needed for the bill.
2. Use the formula:
[tex]percentage = ( \frac{amount \: of \: bill}{total \: amount \: of \: money} ) \times 100[/tex]
Given:
- Amount of bill = £40
- Total amount of money = £120
3. Substitute the values into the formula:
[tex]percentage = ( \frac{40}{120} ) \times 100[/tex]
4. Simplify the fraction:
Multiply by 100 to convert to percentage:
[tex]percentage = ( \frac{40}{120} ) \times 100 = 33.33\%[/tex]
5. Round to the nearest whole number:
[tex]percentage = 33.33\%[/tex]
Therefore, you need to pay approximately
[tex]33.33\%[/tex]
of your money to cover the bill.