Brianna's gross annual salary is $50,676. What is the recommended maximum monthly rent she should pay?

Mathematics

1 answer:

ANEK [815]3 years ago

8 0

Answer with explanation:

Gross Annual Salary of Brianna's= $ 50,676

Monthly Salary of Brianna's

$=\frac{50676}{12}\\\\=4223$ $

We will use $\frac{28}{36}$ rule here,which states that, 28% of monthly income should be used for housing expenditures,and 36 % of monthly income should be used for paying Debt or Debt Purposes.

So, Maximum Monthly Rent that Brianna can pay

= 28 % of 4223

$=\frac{28}{100} \times 4223\\\\ =\frac{118244}{100}\\\\=1182.44$

=$ 1182 (Approx)

Option C: $ 1182

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