Mr. Young is buying a house. He can spend no more than 29% of his income on monthly house payments. If he earns $4,200 per month, what is the largest monthly house payment he can make?
Responses
$122
Pick the answer below.
$2,900
Pick the answer below.
$290
Pick the answer below.
$1,218
Pick the answer below.
The largest monthly house payment Mr. Young can make is 29% of his income, which is (29/100) * $4,200 = $1,218.
Therefore, the correct answer is $1,218.