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lina2011 [118]
4 years ago
7

Laura's gross annual salary is $44184. What is the maximum amount of rent she can afford to pay?

Mathematics
2 answers:
ratelena [41]4 years ago
6 0
$1031 will be the answer I believe
Neko [114]4 years ago
6 0

Answer with Explanation:

Annual Gross Salary of Laura = $ 44184

Monthly Salary of Laura

          =\frac{44184}{12}\\\\=3682

We will use \frac{28}{36} rule here, which states that ,28% of monthly income should be used for housing expenses and 36% of gross income should be used for different debt purposes.

28% of  $3682

=\frac{28}{100} * 3682\\\\=\frac{103096}{100}\\\\=1030.96  

Maximum amount of rent , that Laura can afford to pay, having gross salary of $ 44184 = $ 1030.96

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