Desiree wants to move into a new apartment. Suppose her monthly income is $4500. To be able to rent, Desiree monthly income must be at least 3 times as much as rent. What is the maximum rental fee Desiree can afford

Answer 1

In order to determine the maximum rental fee Desiree can afford, we first need to calculate her minimum required income for renting an apartment.

Since Desiree's monthly income must be at least 3 times the rent, the formula is:

Rent <= Income / 3

Plugging in Desiree's income:

Rent <= $4500 / 3
Rent <= $1500

Therefore, the maximum monthly rental fee Desiree can afford is $1500.