1. You have gotten advice that you should spend no more than 33% of your take-home pay on rent.Your take-home pay is $2,400 per month. How much can you afford to pay for rent per month?

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asked Mar 2, 2023 155k views

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1. You have gotten advice that you should spend no more than 33% of your take-home pay on rent.Your take-home pay is $2,400 per month. How much can you afford to pay for rent per month?

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college

Jayant Malik asked

by Jayant Malik

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$\begin{gathered} In\text{ this case we only need to calculate the 33\% of 2400} \\ we\text{ can do this in several ways, but the easier one is t}o\text{ multiply the percentage and the amount and then divide it by 100} \\ (33\cdot2400)/(100)=792 \\ So\text{ that is the amount you should pay at most in rent} \end{gathered}$

Curtis Crewe answered Mar 7, 2023

by Curtis Crewe

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