Michael annual salary is 39,110 and has a budget of 26%of annual salary for housing what is the most that Michael may spend on monthly rent

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asked Apr 10, 2023 113k views

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Barnash · Answer 1 · 2023-04-17T01:55:17+0000

Since each year has 12 months, divide the annual salary by 12 to find the monthly salary. Then, multiply it by 26/100 to find the amount of money that Michael may spend.

$(39,110)/(12)*(26)/(100)=847.38333\ldots$

Therefore, the most that Michael ay spend on monthly rent, is approximately:

Michael annual salary is 39,110 and has a budget of 26%of annual salary for housing what is the most that Michael may spend on monthly rent

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