4
QuizMultiple Choice

Debt Management

Question 4 • [PERFIN] Personal Finance, Sem 2 (26-27)

Charlene has a monthly salary of $3,410. With her present budget, Charlene has a net income that is 7% of her monthly salary. Charlene is going to reduce her net income by $125 each month and put this money towards paying down her debt. What will Charlene’s new net income be?

Answer
A
$113.70
B
$176.70
C
$229.95
D
$238.70
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