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A common rule is that housing expenses should not be more than 28% of your monthly income. Your monthly income is $3,200. How much can you spend on housing?

Respuesta :

About 1,000 is the answer

Answer:

less than $896.00

Step-by-step explanation:

A common rule is that housing expenses should not be more than 28% of your monthly income.

your monthly income = $3,200

so your housing expense should not be more than 28% of $3,200

= [tex]\frac{28}{100}[/tex] × 3,200

= 0.28 × 3,200 = $896.00

So you can spend less than $896.00 on housing expenses.

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