math

posted by .

2,375 is monthly mtge. What is my monthly take home pay if 30% is used to pay mortgage?

30% of take-home pay is $2,375

so 30% represents $2375

so divide 2375 by .3 to get your take home pay, which is $7916.67

check: 30% of 7916.67 = 7916.67*.3 = $2375
(nice take home pay, even a bit better than my pension, lol)

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    how do solve this question? jane budgets her monthly take-home pay. the remainder she deposits in her savings account . she budgets 1/3 of her take-home pay for rent, 1/8 for car expenses,1/6 for food , 1/24 for insurance and 1/16
  2. Finite Math

    The weekly take-home pay (in dollars) for 20 graduate teaching assistants at University Z is as follows: 500.75, 217.43,488.25, 405.78 485.46, 495.48, 370.75, 435.40 479.65, 482.56, 470.28, 489.90 382.50, 500.75, 465.32, 481.25 506.43, …
  3. Math

    Mrs. Lincoln budgets her monthly take-home pay. The remainder she deposits in her savings account. She budgets 1/3 of her take-home pay rent, 1/8 for car expenses, 1/6 for food, 1/24 for insurance and 1/16 for entertainment. What is …
  4. math

    Simon's monthly take home pay (after taxes) is 2500.if he pays 21% of his gross pay(before taxes) in taxes. what is the gross pay?
  5. Personal Finance

    PLEASE HELP ME ASAP!!!!!!!!!!!! 32. Which is not a horrible mortgage option?
  6. Statistics

    1. The mean monthly mortgage paid by all home owners in a town is $2365 with a standard deviation of $340. a) Using Chebyshev’s theorem, find at least what percentage of all home owners in this town pay a monthly mortgage of (i) …
  7. Math

    Andy needs to pay off a loan of $18,000 in 5 years. Find the amortization payment he would need to take each semi-monthly pay period (twice a month) at 6% compounded bi-monthly, in order to pay off the loan.
  8. math

    Jon Ericson bought a home with a 11.5% adjustable rate mortgage for 20 years. He paid $10.67 monthly per thousand on his original loan. At the end of 2 years he owes the bank $50,000. Now that interest rates have gone up to 13%, the …
  9. math 10

    Dan and Leanne's mortgage payments takes 2/3 of Dan's take home pay every month. His cheque is $785.50 in the middle of the month and $739.50 at the end of the month. Give the amount of the monthly mortgage payments.
  10. Math HELP

    A new luxury car costs $80,000. You pay 10% down and amortize the rest with equal monthly payments over a 7-year period. If you pay 9.25% compounded monthly, what is your monthly payment?

More Similar Questions