Answer: 29%
Step-by-step explanation:
You need to divide the rent, 8265, by the amount of money he earns.
8265/28500 is .29
Multiply that by 100 to get it in percent form
Answer:
5.66 years
Step-by-step explanation:
450 x 1.025^(n) = 450 + 67.50
450 x 1.025^(n) = 517.50
1.025^(n) =(517.50 / 450)
1.025^(n) = 1.15
n = ln(1.15) / ln(1.025)
n = 5.66