Question

bernardo heard that as a general rule, he should spend no more than one week's pay on rent. If Bernardo's pay is 34800 per year, what is the maximum amount per month that he should spend on rent

Answer 1

34800 per year then 34800/52=669.23 per week, the maximum monthly rent.

Answer 2

$2677 (rounded to nearest dollar)

Explanation:

Let's find 1 week's pay of Bernardo. His yearly pay is given to be 34,800 and there are 52 weeks in a year, so his weekly pay is 34,800 divided by 52:

`(34,800)/(52)=669.23`

The maximum he can spend on rent in one month, is 669.23 multiplied by 4 (since 4 weeks in 1 month):

`669.23*4=2676.92`

Rounded to the nearest dollar, maximum is $2677