SOLUTION: Last year Julia used 8% of her income to make car payments. What was her car payment each month if her yearly income was $35,850? Thanks for your help.

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Question 988846: Last year Julia used 8% of her income to make car payments. What was her car payment each month if her yearly income was $35,850? Thanks for your help.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Last year Julia used 8% of her income to make car payments. What was her car payment each month if her yearly income was $35,850? Thanks for your help.
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Monthly salary = 35850/12 = 2987
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Ans: Monthly payment = 0.08*2987 = $239.00
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Cheers,
Stan H.