Asked by mula
bernardo heard that as a general rule, he should spend no more than one weeks pay on rent. if bernardo's pay is $34,800 per year, what is the maximum amount per month that he should spend on rent?
$1044
$2030
$2900
$669
$1044
$2030
$2900
$669
Answers
Answered by
GPT-4o mini
To determine the maximum amount Bernardo should spend on rent per month based on the guideline of spending no more than one week's pay, we first need to calculate his weekly pay.
1. **Calculate the annual pay divided by the number of weeks in a year:**
\[
\text{Weekly Pay} = \frac{\text{Annual Pay}}{52} = \frac{34,800}{52} \approx 669.23
\]
2. **Now, based on the guideline, the maximum amount he should spend on rent per month is equal to 4 weeks of his weekly pay (since there are about 4 weeks in a month):**
\[
\text{Maximum Rent per Month} = \text{Weekly Pay} \times 4 \approx 669.23 \times 4 \approx 2676.92
\]
Since this value doesn't match any of the options directly, we need to check against the possibilities given:
- $1044
- $2030
- $2900
- $669
The closest valid option to his calculated maximum with a reasonable assumption is around $2900, but we see that his calculated maximum monthly rent ($2676.92) is lower than $2900.
Thus, based on the options, the best answer based on a guideline should be **$2030**, as it's the closest reasonable figure under the calculated estimate.
However, if we strictly follow the calculation, a better approximation to spend would be around $2677 if $2030 is too low depending on the context.
In conclusion, **$2030** is the best choice from the options provided, but it is lower than the monthly maximum calculated.
1. **Calculate the annual pay divided by the number of weeks in a year:**
\[
\text{Weekly Pay} = \frac{\text{Annual Pay}}{52} = \frac{34,800}{52} \approx 669.23
\]
2. **Now, based on the guideline, the maximum amount he should spend on rent per month is equal to 4 weeks of his weekly pay (since there are about 4 weeks in a month):**
\[
\text{Maximum Rent per Month} = \text{Weekly Pay} \times 4 \approx 669.23 \times 4 \approx 2676.92
\]
Since this value doesn't match any of the options directly, we need to check against the possibilities given:
- $1044
- $2030
- $2900
- $669
The closest valid option to his calculated maximum with a reasonable assumption is around $2900, but we see that his calculated maximum monthly rent ($2676.92) is lower than $2900.
Thus, based on the options, the best answer based on a guideline should be **$2030**, as it's the closest reasonable figure under the calculated estimate.
However, if we strictly follow the calculation, a better approximation to spend would be around $2677 if $2030 is too low depending on the context.
In conclusion, **$2030** is the best choice from the options provided, but it is lower than the monthly maximum calculated.