A family has a yearly income of $40,000. They want to spend no more than 30% of their income on rent for their house. How much i
s the max they can spend per month on rent?
$1,000
$1,200
$900
$800
1 answer:
Answer:
$1,000
Step-by-step explanation:
30% of $40,000 is total spendable for year
0.3*40000=12,000 yearly for rent - need to divide by 12 for monthly rent
$12,000/12 =$1000 per month maximum.
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