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Pheng earns a salary of $1,286 every two weeks. Using the renter's rule,how much can Pheng afford to spend each month on rent?

1 Answer

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The renter's rule is that you rent should not exceed 30% of your gross monthly income

In this case, the gross monthly income is two times $1,286, that is $2572

30% of $2572 = 2572 * 30/100 = $771.60

Answer:

Pheng can afford to spend each month on rent upt to $771.60

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