A family decides that they can spend 3/5 of their monthly income on house payments if their monthly income is $1,500 how much can they spend for house payments?
(3/5) * 1,500 =
To find out how much they can spend for house payments, we need to calculate 3/5 of their monthly income of $1,500.
Here's how you can do it step by step:
Step 1: Convert the fraction to decimal form.
To convert 3/5 to a decimal, divide the numerator (3) by the denominator (5):
3 ÷ 5 = 0.6
Step 2: Multiply the decimal by the monthly income.
Multiply the decimal (0.6) by the monthly income ($1,500):
0.6 * 1,500 = $900
Therefore, the family can spend $900 for house payments each month based on 3/5 of their monthly income.