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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 pwr month, what is largest monthly house payment he can make​

2 Answers

6 votes
$1,218 is the largest monthly payment he can make!!
User Yati Sawhney
by
8.6k points
6 votes

Answer:

$1,218

Explanation:

In ordwe to figure this out you have to first change the % into a decimal 29% = 0.29

Then you will take his income per month and times it by the decimal

4,200x0.29=1,218

So the most he can spend on a house payment every month is 1,218 dollars

User Dan Finucane
by
8.2k points

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