imagine youve just started a new job, earning a monthly salary of $6,000. youre looking to move out and find…

imagine youve just started a new job, earning a monthly salary of $6,000. youre looking to move out and find your own place. using the 30% rule, how much should you aim to spend each month on housing? choose 1 answer: a $1,000 b $1,250 c $1,400 d $1,800

imagine youve just started a new job, earning a monthly salary of $6,000. youre looking to move out and find your own place. using the 30% rule, how much should you aim to spend each month on housing? choose 1 answer: a $1,000 b $1,250 c $1,400 d $1,800

Answer

Explanation:

Step1: Identify the 30% rule formula

The amount for housing = Monthly - salary × 30%

Step2: Convert 30% to decimal

30% = 0.3

Step3: Calculate the housing - amount

The monthly salary is $6000. So the amount for housing is $6000×0.3 = $1800

Answer:

D. $1,800