Answer:
36%
Step-by-step explanation:
The rent paid is a percentage of the net income earned by the student. Logically, if the rate for the rent was at $450 per month for 12 months, this makes $5400 a year in rent.
If the annual income was $15000, the percent of his income is spent on rent
= ($5400/$15000) × 100%
= 36%
It means he spent 36% of his income on rent.
