8
QuizMultiple Choice

N/A — Exam

Question 8 • Financial Math

Kristin earns $3,285 a month and wants to budget 27% of her monthly income for rent. What is the maximum amount of rent Kristin can afford?

Answer
A
8 dollars comma 869 point 5 0
B
1 dollars comma 216 point 6 7
C
886 point 9 5 dollars
D
121 point 6 7 dollars

Explanation

Convert 27% to a decimal: 0.27. Then multiply Kristin’s monthly income by this amount: $3,285 × 0.27 = $886.95. Therefore, the maximum rent she can afford is $886.95, choice B.

AI-written and checked against the verified answer.

Previous
Next