Question

Your annual income is $24,000. Last year you spent 22% of your annual income for rent. How much did you spend for rent last year?

Answer 1

$5280

Explanation:

Income last year - $24000

Rent money - 22% of 24,000

=> 22/100 * 24000

=> 22 * 240

=>5280

Therefore, I spent $5280 on rent last year.

Hope it helps

Answer 2

24,000 x 0.22 (decimal equivalent of 22%)
= $5,280