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3 years ago

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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