asked 217k views
5 votes
Joel earns $1,700 per month every spends for 25 on rent each month what percent of his income does he spend on rent

2 Answers

2 votes
The answer to this problem is 1.47%
answered
User Avandeursen
by
7.5k points
4 votes
I'm sure Joel pays more than $25/mo for rent. But assuming that the monthly rent actually is $25/mo, then the percentage of his $1700 monthly income that goes to rent is

$25
--------- * 100% = 1.47% (very unlikely).
$1700

If he pays $25/mo, then the answer would be 14.71% (more realistic).

answered
User TimT
by
7.9k points

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