John has a minimum annual household budget of $\$ 18,500$ . He pays $45 \%$ of the budget on rent. What amount of money(in \$) does he pay as the monthly rent?$\newline$Question $1$: What is the annual amount of money needed for rent based on John's annual budget?$\newline$Question $2$: What is the monthly amount of money needed for rent based on John's annual budget?$\newline$DRAG \& DROP THE ANSWER$\newline$$ \$ 10,175 $$\newline$$ \$ 8,325 $$\newline$$ \$ 693.75 $$\newline$$ \$ 847.92 $$\newline$Note: Use CTRL+D to drag the option via keyboard

View step-by-step help

Home

Math Problems

Grade 8

Writing from expanded to exponent form

Full solution

Q. John has a minimum annual household budget of

\$ 18,500

. He pays

45 \%

of the budget on rent. What amount of money(in \$) does he pay as the monthly rent?$\newline$Question $1$: What is the annual amount of money needed for rent based on John's annual budget?$\newline$Question $2$: What is the monthly amount of money needed for rent based on John's annual budget?$\newline$DRAG \& DROP THE ANSWER$\newline$$ \$ 10,175 $$\newline$$ \$ 8,325 $$\newline$$ \$ 693.75 $$\newline$$ \$ 847.92 $$\newline$Note: Use CTRL+D to drag the option via keyboard

Calculate Annual Rent: Question_prompt: Calculate the annual and monthly rent based on John's annual household budget.
Check Annual Rent Calculation: Calculate the annual amount of money needed for rent based on John's annual budget. $\newline$ John's annual household budget is $\$18,500$ , and he pays $45\%$ of this budget on rent. To find the annual rent amount, we need to calculate $45\%$ of $\$18,500$ . $\newline$ Calculation: $\$18,500 \times 0.45 = \$8,325$
Calculate Monthly Rent: Check the answer options to see if the annual rent amount matches any of the provided options. $\newline$ The annual rent amount calculated is $\$8,325$ , which matches one of the provided options.
Check Monthly Rent Calculation: Calculate the monthly amount of money needed for rent based on John's annual budget. $\newline$ To find the monthly rent amount, we need to divide the annual rent amount by $12$ (the number of months in a year). $\newline$ Calculation: $\$8,325 / 12 = \$693.75$ (rounded to two decimal places)
Check Monthly Rent Calculation: Calculate the monthly amount of money needed for rent based on John's annual budget. $\newline$ To find the monthly rent amount, we need to divide the annual rent amount by $12$ (the number of months in a year). $\newline$ Calculation: $\$8,325 / 12 = \$693.75$ (rounded to two decimal places)Check the answer options to see if the monthly rent amount matches any of the provided options. $\newline$ The monthly rent amount calculated is $\$693.75$ , which matches one of the provided options.