Mark and Edina have saved $15,600 and make a combined pay of $8,754 each month. What is the maximum amount they can spend on a h
ouse (loan and savings combined)?
2 answers:
Answer: They both can spend $24354 on a house if they have saved amount and make a combined pay.
Step-by-step explanation:
Since we have given that
Amount that Mark and Edina have saved = $15600
Amount they make a combined pay = $8754
According to question,
The maximum amount they can spend on a house is given by
So, They both can spend $24354 on a house if they have saved amount and make a combined pay.
Given: $15,600 - savings
8,754- combined pay each month
Unknown: How much maximum amount they can spend on a house (loan & savings combined)?
Solution: $15,600 + 8,754=n
Answer: $24,354 is the maximum amount they spent (loan & savings combined)
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