Question

Nora has a job where she has a take home salary each month of $2400. if Nora wants to spend no more than 15% of her monthly take home salary on her car payment, how much can she afford?

Answer 1

Her take home salary is $2400 and she wants to spend no more than 15% on her car payment. Therefore, she can afford no more than 0.15*2400 = $360 on her car payment.