Question

omponents of renting
janiyas monthly income is $5,460, and they budget 28% of their income for rent.
enter the appropriate values in the boxes to determine the maximum rent janiya can afford.
the maximum rent janiya can afford is $\square

Explanation:

Step1: Identify the formula

To find the amount budgeted for rent, we use the formula: Rent = Monthly Income × Percentage (in decimal form).

Step2: Convert percentage to decimal

The percentage is 28%, so in decimal form, it is $28\div100 = 0.28$.

Step3: Calculate the rent

The monthly income is $5460$. So, Rent = $5460\times0.28$.
Calculating $5460\times0.28$:
First, $5460\times0.2 = 1092$ and $5460\times0.08 = 436.8$.
Then, adding these two results: $1092 + 436.8 = 1528.8$.

Answer:

1528.8