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Mashcka [7]
3 years ago
8

Susan is searching for a new apartment. Her monthly salary is $1,800, and she wants to spend no more than 35% of her budget on r

ent. What is the maximum amount Susan is willing to pay on rent?
Mathematics
1 answer:
juin [17]3 years ago
3 0
<span>35% of $1,800 = $630 per month
12 = $7560 per year.</span>
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$900

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Use the formula for simple interest:  i = p r t, where i is the interest earned, p is the principal amount, r is the interest rate as a decimal fraction, and t is the time in years.

Here, i = $27 = p(0.015)(2), or

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Dividing both sides by 0.03, we get:

p = $27 / 0.03 = $900

The principal, in this situation, was $900.

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