at $450 per month, a student pays $5400 a year in rent. If his annual income is $15000, what percent of his income is spent on r ent?
2 answers:
Rent = $5400 Answer: He spent 36% on rent.
Answer:
36%
Step-by-step explanation:
The rent paid is a percentage of the net income earned by the student. Logically, if the rate for the rent was at $450 per month for 12 months, this makes $5400 a year in rent.
If the annual income was $15000, the percent of his income is spent on rent
= ($5400/$15000) × 100%
= 36%
It means he spent 36% of his income on rent.
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