Question

Mark and Edina have saved $15,600 and make a combined pay of $8,754 each month. What is the maximum amount they can spend on a house (loan and savings combined)?

Answer 1

Answer: They both can spend $24354 on a house if they have saved amount and make a combined pay.

Explanation:

Since we have given that

Amount that Mark and Edina have saved = $15600

Amount they make a combined pay = $8754

According to question,

The maximum amount they can spend on a house is given by

`\$15600+\$8754\\\\=\$24354`

So, They both can spend $24354 on a house if they have saved amount and make a combined pay.

Answer 2

Given: $15,600 - savings
8,754- combined pay each month

Unknown: How much maximum amount they can spend on a house (loan & savings combined)?

Solution: $15,600 + 8,754=n

Answer: $24,354 is the maximum amount they spent (loan & savings combined)