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Salsk061 [2.6K]
3 years ago
12

Ryan and Sheila are preparing to get married. Sheila has a car payment of $297.00 per month, which is 9% of her monthly income.

After they are married, Sheila knows that her car payment will only be 5% of their combined monthly income. How much money does Ryan make per month?
Mathematics
1 answer:
netineya [11]3 years ago
5 0

Answer:

$2640

Step-by-step explanation:

Sheila's car payment is 9% of her total income.

let i = total income

this equation can be used to represent the information :

9%  x i = $297

to determine i, divide both sides of the equation by 9%

$297 / 0.09 = $3300

After the marriage, the car payment which is 3300 would be 5% of the combined income.

let c = combined income

5% x c = $297

c = $297 / 0.05 = $5940

Ryan's income = combined income - Sheila's income

$5940 - $3300 = $2640

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Answer:

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Step-by-step explanation:

1. Let's review the information given to solve the question.

Value of the house Terrance Jacobs is going to buy = US$ 205,000

Down payment Terrance can afford = 15% of the value of the house

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