OK...this is what it says: 'Rent cannot exceed 33% of tenant's income'. Now, if the cost of rent is $499 / mo, what is the minimum income required?
Thank you!!!!!!!!
2007-05-26 05:37:44 · 10 answers · asked by 723 1 in Science & Mathematics ➔ Mathematics
499 = .33x
x =499/.33
x = $1512.12
2007-05-26 05:43:30 · answer #1 · answered by ironduke8159 7 · 0⤊ 0⤋
I would imagine that rent cannot exceed 33 1/3% of income?
331/3%<-------->$499
100%<---------> (100 / 33 1/3) x $499
= 3 / 1 x $499
= $1497 is minimum income required.
2007-05-27 06:15:58 · answer #2 · answered by Como 7 · 0⤊ 0⤋
499 x 3 = $1497
2007-05-26 13:11:52 · answer #3 · answered by Anonymous · 0⤊ 0⤋
33%=33/100
Multiply $499 by the reciprocal of 33/100 and you have your answer
It is $499*100/33
=$1512.12
This odd figure is coming because in our daily life we accept 33% as 1/3.So for practical life,we should multiply $500($1 more than the maximum)by reciprocal of 1/3 and get the answer
It is $500*3=$1500
2007-05-26 12:52:27 · answer #4 · answered by alpha 7 · 0⤊ 0⤋
From a purely mathematical standpoint, if an individual makes $1512.12 a month, then 33% of their income would be $499.
2007-05-26 12:55:20 · answer #5 · answered by Razzle 1 · 0⤊ 0⤋
$1512. 12. Divide 499 by .33
2007-05-26 12:45:10 · answer #6 · answered by saratancredi423 1 · 0⤊ 0⤋
Roughly $1500 33% or 1/3 of $1500 is $500.
2007-05-26 13:00:41 · answer #7 · answered by cicero 2 · 0⤊ 0⤋
About $1513 per month.
$1513 times 33% = $499.29
Any income below $1513 per month would result in your rent being more than 33% of your income.
2007-05-26 12:44:27 · answer #8 · answered by VFBundy 6 · 0⤊ 0⤋
$1497
2007-05-26 12:43:46 · answer #9 · answered by Lee van Cleef 3 · 0⤊ 0⤋
'Per cent' means 'per 100'. there is absolutely no difference between a % sign after something and that same thing /100. So if that symbol bothers you for some reason then just take it out and write /100 instead. Hopefully that solves your issue.
2007-05-26 12:43:39 · answer #10 · answered by Anonymous · 0⤊ 0⤋