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klio [65]
3 years ago
10

Caroline's gross annual salary is $47,448 what is the maximum amount of rent she can afford to pay?

Mathematics
2 answers:
GREYUIT [131]3 years ago
5 0

Answer:

Yearly Salary of Caroline = $ 47,448

Monthly salary of Caroline

             =\frac{47448}{12}\\\\=3954

As, 28/36 rule states that maximum of 28% of your monthly expenditure should be spent on housing finances.

28 % of $ 3954

=\frac{28}{100}*3954\\\\=\frac{110712}{100}\\\\=1107.12  

Option A) $ 1107 is , that maximum amount of rent that Caroline can pay.

Dovator [93]3 years ago
3 0
The awser is letter a


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