Can anyone help me with this math problem?
1 answer:
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Answer with explanation:
Income earned by my parents in every two weeks = $ 1046.78
In two weeks there are 14 days, so income earned by my parents in 1 day
Income of my parents after a month, if there are 30 days in a month = $74.77 × 30= $ 2243.10
We, will use , rule here , which states that , 28% of monthly income of my parents, should be used for monthly housing expenses ,and 36% of gross monthly income should be used for debt purposes.
28% of $2243.78
= $ 628.26 (Approx)
So,my parents, monthly housing expense should not exceed ≥ $ 628.26