Answer:
$ 100
Step-by-step explanation:
Annual budget is $ 1200
Monthly budget would be $ 1200/12= $ 100
Explanation:
Pair 1 is true if Jeff's monthly income is $600/20% = $3,000.
Pair 2 is true if Jeff's monthly income is $1200/10% = $12,000.
Both pairs can be true if Jeff's monthly income increased by a factor of 4 in the 20 years from 1990 to 2010.
Obviously, Jeff spent more on housing in 2010. (Fortunately for Jeff, that larger expenditure was a smaller fraction of his income.)
Answer: 13%
Step-by-step explanation:
The formula to find the simple interest is given by :-
, where P is the principal amount, r is rate of interest () in decimal and t is the time ( in years).
Given : P = $19,100 , I=$9932.00 and t= 4 years
Substitute all the above values in the formula , we get

In percent , 
Hence, the rate of interest = 13%