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Today at 12:37 PM
Mathematics

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Find the maximum amount that should be spent for monthly rent if a person makes $10.50 per hour.

Answer :

Today at 12:42 PM

Lets say the person works 8 hours a day, 25 days per month
Then he earns $10.5x8x25 = $2100 per months.

Lets assume that you should spend no more than 30 percent of your income on housing, then the maximum he can pay is 30% of $2100 = $630

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