Question

The total cost for a single person renting a one-bedroom apartment in Indianapolis, Indiana, is $1543.00 per

month. The minimum wage in Indianapolis is $7.25 per hour. Without considering additional costs, could a
person working 40 hours a week at the minimum wage cover the $1543.00 per month?
A.Yes, because the total earned each month is $1255.70 more than is needed.
B.Yes, because the total earnéd each month is $287.30 more than is needed.
C.No, because the total earned is $287.30 per month.
D.No, because the total earned is $1255.70 per month.

Answer 1

D.No, because the total earned is $1255.70 per month.

Explanation:

Essentially if your cost is 1543 a month, you simply wouldn't be able to afford it.

If you plug in 7.25 and 40 (you get 290) . With this information we plug it into weeks. In a month there are approximately 4.345 weeks (you can just times 290 by

4.34) which gives the stated result in the answer choice.

A person would not be able to live here and cover other expenses if they worked 7.25 for 40 hours!