Answer:
We can spend $1,227 on housing.
Step-by-step explanation:
Given: A common rule is that housing expenses plus other debt payments should not be more than 36% of your monthly income.
Your monthly income is $4,300.
It means we can spend 36% of $4,300 on housing and other debts.
So 36% of $4,300 = 0.36 times $4,300 = $1,548.
So we can spend $1,548 on housing and other debts. It says you have student loan payments of $321 per month.
Housing expenses = $1,548 - $321 = $1,227.
Hence, we can spend $1,227 on housing.
Answer:
9/16
Step-by-step explanation:
Answers:
The pencil costs $0.25
The ruler costs $1.25
Explanation:
Assume that the cost of the pencil is x and that the cost of the ruler is y.
We are given that:
1- The total cost is $1.5
This means that:
x + y = 1.5 ...........> equation I
2- The ruler costs $1 more than the pencil
This means that:
y = x + 1 ............> equation II
Substitute with equation II in equation I and solve for x as follows:
x + y = 1.5
x + x + 1 = 1.5
2x = 1.5 - 1
2x = 0.5
This means that:
cost of pencil = x = $0.25
cost of ruler = 1 + 0.25 = $1.25
Hope this helps :)