Question

ashleighs 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 way under her budgeted amount. it is slightly over her budgeted amount. it is way over her budgeted amount. it is slightly lower than her budgeted amount.

Explanation:

Step1: Calculate rent budget

To find 30% of $4,865, use the formula: $0.30\times4865$.
$0.30\times4865 = 1459.5$

Step2: Compare with apartment cost

The apartment costs $1,400. Compare $1,400 with $1,459.5.
Since $1400 < 1459.5$, and the difference is small ($1459.5 - 1400 = 59.5$), it is slightly lower than the budgeted amount.

Answer:

It is slightly lower than her budgeted amount.