Myrna budgets 22% of her annual income for housing . It she budgets $400 per month for housing, what is her annual income
400*12 = .22x
solve for x
Let C = Annual income
(22/100)* C = Annual Budget= 400* 12
C= 400* 12*100/ 22= 21818
Her annual income is $21818
Good luck Mariya.
To calculate Myrna's annual income, we need to find the total amount she budgets for housing in a year.
Since she budgets $400 per month for housing, we'll multiply her monthly budget by 12 (the number of months in a year):
$400 x 12 = $<<400*12=4800>>4800
So, Myrna budgets $4800 per year for housing.
To calculate her annual income, we'll divide her housing budget by the percentage of her income she allocated for housing:
$4800 / 0.22 = $<<4800/0.22=21818.18>>21818.18
Therefore, Myrna's annual income is approximately $21,818.18.
To calculate Myrna's annual income, we can use the information given: she budgets 22% of her annual income for housing, and her monthly budget for housing is $400.
First, let's find how much 22% of her annual income is by multiplying her monthly housing budget by 12 (since there are 12 months in a year):
$400/month × 12 months = $4,800
Now, we know that $4,800 represents 22% of her annual income. To find her annual income, we can set up a proportion:
$4,800 is to 22% as X is to 100%
This can be written as:
$4,800/22% = X/100%
To solve for X, we can cross-multiply:
(22% × X) = (100% × $4,800)
To eliminate the percentage, we divide both sides of the equation by 22%:
X = (100% × $4,800)/22%
Simplifying further:
X = ($4,800 × 100)/22
X ≈ $21,818.18
Therefore, Myrna's annual income is approximately $21,818.18.