Question

If you earn $12.70 per hour, what is the maximum monthly rent you can afford? (Assume 40 hours a week and four weeks in a month.)

Answer 1

You would earn $2032 a month. Which would be your maximum amount if you dont spend anything.

Explanation:

40 hours a week for 4 weeks would be 160 hours a month.

40 x 4 = 160

then 160 multiped by 12.70

12.70 x 160 = 2032

Therefore, you would earn 2032 plus your every day spending (which is unknown to us) which would subtract from the total amount.

Hope this helps

Answer 2

Assuming you use the 28% rule that most math classes use. The correct answer would be $568.96