15
QuizMultiple Choice

Home Ownership — Test

Question 15 • Financial Algebra/Mathematics

Monserrat earns $3,265 per month. She has monthly expenses of $1,178 excluding rent. She does not want her rent to exceed 35% of her monthly income. What is the max amount she is willing to spend on rent each month?

Answer
A
412 point 3 0 dollars
B
$1,142.75
C
2 dollars comma 122 point 2 5
D
$2,087

Explanation

The maximum rent is 35% of Monserrat’s monthly income: $3,265 × 0.35 = $1,142.75. Her other monthly expenses do not change the stated rent limit, so the answer is $1,142.75.

AI-written and checked against the verified answer.

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