Question

Larry has saved 18,500 toward a down payment on a house. If he makes 3890 a month, How much can afford to spend on a house?

Answer 1

Answer:

D) $65,180

Step-by-step explanation:

We are given that,

Amount of down payment for the house = $18,500

Amount of income per month = $3,890

Thus, we have,

Amount of income for the year = $3,890 × 12 = $46,680

So, the amount he can afford to spend = 46,680 + 18,500 = $65,180

Thus, the amount Larry can afford to spend is $65,180.

Answer 2

Larry has saved 18,500 toward a down payment on a house. If he makes 3890 a month, He can afford to spend on a house of about 93,369. The answer is letter B.