Respuesta :
Alexandra's gross annual salary is $38,556. The maximum amount of rent she can afford to pay can be determined by first solving for her monthly gross salary.
Monthly Salary = ($38,556/ 12 months) = $3,213
Assuming that the amount allocated for her rent is 30% of her monthly salary, the maximum amount of rent that she can afford to pay is:
Max allowable rent = $3,213 * 0.30 = $963.90
Monthly Salary = ($38,556/ 12 months) = $3,213
Assuming that the amount allocated for her rent is 30% of her monthly salary, the maximum amount of rent that she can afford to pay is:
Max allowable rent = $3,213 * 0.30 = $963.90
We have that the annual rent she can afford to pay is mathematically given as
x=11566.8
Rent
Question Parameters:
Alexandra's gross annual salary is $38,556.
Generally, the 30% rule says that your annual rent payment not be more than 30% of your gross annual income.
Therefore, the maximum amount of rent she can afford to pay
x=38,556*30%
Therefore
x=38,556*0.3
x=11566.8
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