Question

Adrienne's annual take-home pay is $57,000. What is the maximum amount that she can spend per month paying off credit cards and loans and not be in danger of credit overload?

A. $950.00
B. $1187.50
C. $4750.00
D. $3800.00

Answer 1

A. $950.00

Explanation:

A p e x

Answer 2

Option C. is correct.

Explanation:

Given:

Adrienne's annual take-home pay = $57,000

To find:

The maximum amount that she can spend per month on paying off credit cards and loans and not be in danger of credit overload.

Solution:

Number of months in a year = 12

So, amount she can spend per month =

Annual pay of Adrienne / Number of months in a year =
`(57000)/(12) =(28500)/(6)=(14250)/(3)=4750`

So, option C. is correct.