47,448/12=$3954
As, 28/36 rule states that maximum of 28% of your monthly expenditure should be spent on housing finances.
0.28*3954=$1107,12
Answer: $1107.
Plug the numbers into the exponential growth formula:
Now work backwards to get the answer:
1)Divide 120150 by 60100 to get 1.998668885
2) Find the 11th root of ANS:
3) Minus 1 from your answer to give 0.064976629
4)Multiply your answer by 100 to give you the rate of x%, which is 6.5 to 1d.p
x=6.5 (1 d.p.)
Btw, this answer also works if you plug it back into the equation
You do them in the order of operations, for example, on the 1st one you did 3x5 first and got 15, and then you added 2 and got a total of 17. On the second one, you did2x4 which is 8 and the you added 3 and made it a total of 11. So basically you do the last 2 boxes first, the add/subtract the first from the total of the other 2.
28÷7= 4
4+111= 115
115-16= 99
Answer-99