17
QuizMultiple Choice

Home Ownership — Test

Question 17 • Financial Math

Oren's monthly income is $3,725 After accounting for all his expenses, he has set aside 30% of his income for rent. He finds an apartment that costs $1,150 per month. Does this fit within his rent budget?

Answer
A
It is slightly lower than his budgeted amount.
B
It is way under his budgeted amount.
C
It is way over his budgeted amount.
D
It is slightly over his budgeted amount.
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Oren's monthly income is $3,725 After accounting…