Question

shiloh earns $4,823 per month. she has monthly expenses of $1,798 excluding rent. she does not want her rent to exceed 28% of her monthly income. what is the max amount she is willing to spend on rent each month? $503.44 $3,025 $1,350.44 $3,472.56

Explanation:

Step1: Identify relevant data

Shiloh's monthly income is $4,823. We need to find 28% of this income for the rent limit.

Step2: Calculate 28% of 4823

Convert 28% to decimal: \( 28\% = 0.28 \)
Multiply by income: \( 0.28 \times 4823 = 1350.44 \)

Answer:

$1,350.44 (corresponding to the third option)