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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?

Answer :

[tex]\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} \\ \frac{33\cdot2400}{100}=792 \\ So\text{ that is the amount you should pay at most in rent} \end{gathered}[/tex]

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