Question

You have a budget with room for no more than 30% of your take-home pay

for rent. Your take-home pay is $2,400 per month. How much can you
afford to pay for rent per month? *

Answer 1

Rent = 720 dollars / month

Explanation:

Remark

You can afford to pay out 30% of your take home pay for rent.

Givens

Take home pay: 2400 dollars.

Rent alotment: 30%

Rent:x

Formula

rent = % of pay * Take home pay

Solution

x = 30/100 * 2400 Divide by 100

x = 0.30 * 2400 Multiply the right

x = 720