part b\nkerry has a net spendable income of $1,800 per month. she also has a significant amount of debt and…

part b\nkerry has a net spendable income of $1,800 per month. she also has a significant amount of debt and payments of $150 per month. she is looking for an apartment to rent. which of the following apartments would best fit her budget?\na. rent: $450\nelectricity: $60\nwater: $40\ngas: $80\nb. rent: $500\nelectricity: $50\nwater: $40\ngas: $70\nc. rent: $640\nelectricity: included in rent\nwater: included in rent\ngas: included in rent\nd. rent: $475\nelectricity: $50\nwater: $40\ngas: $35

part b\nkerry has a net spendable income of $1,800 per month. she also has a significant amount of debt and payments of $150 per month. she is looking for an apartment to rent. which of the following apartments would best fit her budget?\na. rent: $450\nelectricity: $60\nwater: $40\ngas: $80\nb. rent: $500\nelectricity: $50\nwater: $40\ngas: $70\nc. rent: $640\nelectricity: included in rent\nwater: included in rent\ngas: included in rent\nd. rent: $475\nelectricity: $50\nwater: $40\ngas: $35

Answer

Explanation:

Step1: Calculate available budget

First, subtract debt - payments from net - spendable income. $1800−150 = 1650$ dollars is the amount available for housing and utilities.

Step2: Calculate total cost for Option A

Add up rent and utilities. $450 + 60+40 + 80=630$ dollars.

Step3: Calculate total cost for Option B

Add up rent and utilities. $500 + 50+40 + 70 = 660$ dollars.

Step4: Calculate total cost for Option C

Since electricity, water and gas are included in rent, the cost is $640$ dollars.

Step5: Calculate total cost for Option D

Add up rent and utilities. $475+50 + 40+35 = 600$ dollars.

Step6: Compare costs

We want the option with the cost that fits within the available budget and is the most cost - effective. Among $630$, $660$, $640$ and $600$, the lowest cost is $600$.

Answer:

D. Rent: $475, Electricity: $50, Water: $40, Gas: $35