SOLUTION: Ferhiz is 45 and pays $2500 on her mortgage each month while her total take-home pay is $71,400 per
year. The national average, for those aged 35 - 64, on housing costs is 35% o
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-> SOLUTION: Ferhiz is 45 and pays $2500 on her mortgage each month while her total take-home pay is $71,400 per
year. The national average, for those aged 35 - 64, on housing costs is 35% o
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Question 1170710: Ferhiz is 45 and pays $2500 on her mortgage each month while her total take-home pay is $71,400 per
year. The national average, for those aged 35 - 64, on housing costs is 35% of income. What percent
of Ferhiz’s income does she spend on housing? Is this more or less than the national average? Answer by Theo(13342) (Show Source):
You can put this solution on YOUR website! 2500 * 12 = 30,000
divide that by 71,400 to get .42....
since the national average is .35, this is above that.
note that % = per hundred, therefore 35% = 35/100 = .35
