Tony heard that housing expenses should not be more than 28% of monthly income. If Tony has a monthly income on $8300, how much can Tony spend on housing?

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asked Jan 18, 2020 42.6k views

3 votes

Tony heard that housing expenses should

not be more than 28% of monthly
income. If Tony has a monthly income on
$8300, how much can Tony spend on
housing?

Mathematics
middle-school

Petrus Repo asked

by Petrus Repo

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1 Answer

4 votes

Multiply the month;y income by the percentage:

8300 x 0.28 = 2324

He can spend $2,324 a month.

IronicMuffin answered Jan 25, 2020

by IronicMuffin

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