Question

Gretchen's gross annual salary is $34,788. What is the maximum amount of rent shecan afford to pay per month? Round answer to the nearest whole number.

Answer 1

Given:

Grethen's gross annual salary = $34, 788

The maximum amount of rent she can afford to pay per month can be found using the formula:

`\text{Max amount of rent she can pay = }\frac{Gross\text{ annual salary}}{Number\text{ of months in a year}}`

Applying the formula:

`\begin{gathered} \text{Max amount of rent she can pay= }(34788)/(12) \\ =\text{ \$2899} \end{gathered}`

Hence, the maximum amount of rent she can afford to pay per month is $2899

Answer: $2899