Question

Mindy makes an annual salary of $24,590. What is the maximum monthly rent she could afford to pay? $553.27 $688.52 $234.99 $573.77

Answer 1

Answer with explanation:

Annual Salary of Mindy = $ 24, 590

Monthly Salary of Mindy $=\frac{24590}{12}$

We will use $\frac{28}{36}$ rule to find the maximum monthly rent that, Mindy can afford.

This rule states that, 28% of your monthly gross income should be used for Housing finances and 36% of your monthly gross income should be used for Debt Purposes.

So, Maximum Monthly rent that Mindy can afford

      $=28 \text{percent of}} \frac{24590}{12}\\\\=\frac{28}{100} \times \frac{24590}{12}\\\\=\frac{28 \times 24590}{1200}\\\\=\frac{688520}{1200}\\\\=573.7666$

= 573.77 (approx)

Option D

Answer 2

Lets say u have 1 coconut that cost 688.52   ad another 1 that cost 234.99  
all you have to do is sale or buy an extra coconut to get 573.77  if that help dont forgot to drop  me the brainlist