Junior's monthly income is $3,654 His monthly expenses, excluding rent, are $1,500 Junior has budgeted 30% of his income for rent. Can Junior afford a monthly rent of $1,200 ?

Calculate the rent budget: 30% of $3,654 is 0.30 × $3,654 = $1,096.20. Since the $1,200 rent is greater than that budget, Junior cannot afford it within the amount he has budgeted for rent. The correct choice is “No, because 30 percent of Junior's income is $1,096.20.”

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