Question

If 30% of a monthly salary of $2,400 is budgeted for rent, how much money is budgeted for rent?

A) $240
B) $720
C) $1,200
D) $2,400

Answer 1

30% of a monthly salary of $2,400 for rent equals $720, which is found by converting the percentage to a decimal and multiplying it by the salary.

Correct option is B.

Step-by-step explanation:

To calculate how much money is budgeted for rent from a monthly salary of $2,400 when 30% is allocated for rent, you would use the following calculation:

Convert the percentage to a decimal: 30% becomes 0.30.

Multiply the decimal by the total salary: 0.30 x $2,400 = $720.

So, the amount budgeted for rent is $720.

Correct option is B.