BellaannM116648 BellaannM116648
  • 25-10-2022
  • Mathematics
contestada

Michael annual salary is 39,110 and has a budget of 26%of annual salary for housing what is the most that Michael may spend on monthly rent

Respuesta :

JezabelleF367359 JezabelleF367359
  • 25-10-2022

Since each year has 12 months, divide the annual salary by 12 to find the monthly salary. Then, multiply it by 26/100 to find the amount of money that Michael may spend.

[tex]\frac{39,110}{12}\times\frac{26}{100}=847.38333\ldots[/tex]

Therefore, the most that Michael ay spend on monthly rent, is approximately:

[tex]847.38[/tex]

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