Question 10 • Mathematics for Data and Financial Literacy
Olive has a monthly income of $4,000 Her rent is $1,200 per month. According to general budgeting guidelines, rent should not exceed 30% of her income. Is Olive's rent within the recommended percentage?
Answer
A
no; Olive's rent is 35 percent of her income
B
yes; Olive's rent is 25 percent of her income
C
yes; Olive's rent is exactly 30 percent of her income