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Carl’s house payment is $1,940 per month and his car payment is $484 per month. If Carl’s take-home pay is $4,200 per month, what percentage does Carl spend oh his home and car?
Note: Enter your answer as a percent rounded to 2 decimal places.

Sagot :

Total monthly expense on house and car:

Total expense = House payment + Car payment = 1940 + 484 = 2424 USD

Calculate the percentage:

Percentage = (Total expense / Take-home pay) * 100 = (2424 / 4200) * 100

Perform the division:

2424 / 4200 = 0.57714

Convert to percentage:

0.57714 * 100 = 57.71%

So, Carl spends approximately 57.71% of his take-home pay on his house and car.

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