Question

ashleigh’s monthly income is $4,865. after accounting for all her expenses, she has set aside 30% of her income for rent. she finds an apartment that costs $1,400 per month. does this fit within her rent budget? it is slightly lower than her budgeted amount. it is slightly over her budgeted amount. it is way over her budgeted amount. it is way under her budgeted amount.

Explanation:

Step1: Calculate rent budget

First, find 30% of Ashleigh's monthly income. Her income is $4,805, so the rent budget is $4,805\times0.30 = 1441.5$.

Step2: Compare with apartment cost

The apartment costs $1,400. Since $1,400 < 1441.5$, but the difference is small ($1441.5 - 1400 = 41.5$), so it is slightly lower than her budgeted amount? Wait, no, wait. Wait, 30% of 4805 is 4805*0.3 = 1441.5. The apartment is $1400, which is less than 1441.5, so it is slightly lower? But the options: first option is "It is slightly lower than her budgeted amount." Wait, but let me recalculate. 48050.3: 48000.3=1440, 5*0.3=1.5, so total 1441.5. The apartment is $1400, which is 41.5 less than 1441.5, so it is slightly lower. So the correct option is the first one? Wait, no, the user's options: first is "It is slightly lower than her budgeted amount." Wait, but maybe I made a mistake. Wait, 30% of 4805: 4805 * 0.3. Let's compute 4805 * 0.3: 4805 * 3 = 14415, then divide by 10: 1441.5. So the budget is $1441.5, and the apartment is $1400, which is less than 1441.5, so it is slightly lower. So the answer is "It is slightly lower than her budgeted amount."

Answer:

It is slightly over her budgeted amount.