Question

etermining rent affordability based on budget percentages
freidas monthly income is $4,675. she is considering three different percentages to use as budgeting for her rent: 20%,
25%, and 30%.
what rent can freida afford based on the different budget percentages? choose the three correct answers.
a 30% budget
allows for a
maximum rent of
$1,402.50.
a 20% budget
allows for a
maximum rent of
$935.
a 30% budget
allows for a
maximum rent of
$3,745.
a 20% budget
allows for a
maximum rent of
$3,272.50.
a 25% budget
allows for a
maximum rent of
$1,168.75

Explanation:

Step1: Calculate 20% of 4675

To find 20% of a number, we multiply the number by 0.20. So, \( 4675 \times 0.20 = 935 \).

Step2: Calculate 25% of 4675

To find 25% of a number, we multiply the number by 0.25. So, \( 4675 \times 0.25 = 1168.75 \).

Step3: Calculate 30% of 4675

To find 30% of a number, we multiply the number by 0.30. So, \( 4675 \times 0.30 = 1402.50 \).

Now we check each option:

• A 30% budget allows for a maximum rent of $1,402.50: Correct (matches our calculation for 30%).
• A 20% budget allows for a maximum rent of $935: Correct (matches our calculation for 20%).
• A 30% budget allows for a maximum rent of $3,745: Incorrect (our calculation for 30% is 1402.50, not 3745).
• A 20% budget allows for a maximum rent of $3,272.50: Incorrect (our calculation for 20% is 935, not 3272.50).
• A 25% budget allows for a maximum rent of $1,168.75: Correct (matches our calculation for 25%).

Answer:

A. A 30% budget allows for a maximum rent of $1,402.50
B. A 20% budget allows for a maximum rent of $935
E. A 25% budget allows for a maximum rent of $1,168.75

(Note: The options were not labeled with A, B, E in the original, but based on the order: first option is A, second is B, fifth is E)