Question

Mr. Young is buying a house. He can spend no more

than 29% of his income on monthly house payments.

If he earns $4,200 per month, what is the largest

monthly house payment he can make?

Answer 1

The largest monthly house payment he can make is $1,218.

Explanation:

In this question:

He spend at most 29% of his income on monthly house payments.

His monthly income is of $4,200.

What is the largest monthly house payment he can make?

0.29*4200 = 1218

The largest monthly house payment he can make is $1,218.