Question

To be eligible for a car loan, Melissa's monthly rent and utilities cannot exceed 30% of her take-home pay.
Gross paycheck
$3950
Net paycheck (after taxes)
$3260
Rent
$925
Utilities
$150

Answer 1

Melissa's take home pay is her net pay ($ 3260).
Now add up her utilities and rent.. ( $925 + $ 150)
Her rent and utilities cannot exceed 30% of her take home pay (net pay).
So now you need to find 30% of 3260. Here is a tip..." of " in a math word problem means multiply. You need to find 30% x 3260....turn the percent to a decimal which is 0.30 and multiply it by 3260. Take that answer you just got and compare it to the answer you got when you added her utilities and rent. Which one is more ? If her rent and utilities are more, then she can't get the loan. However, if the rent and utilities are less, then she can.

Answer 2

Thank You

Answer 3

anytime