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Kelly and Julie plan to share an apartment while attending college. Their net monthly income is $2100. What range (minimum and maximum amount) of rent (housing and utilities) should they be looking at when searching for apartments, according to the above chart?

Kelly and Julie plan to share an apartment while attending college Their net monthly income is 2100 What range minimum and maximum amount of rent housing and ut class=

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According to the chart the range of rent should have a minium of 27% and a maximum of 33% of their net income.

Their net income is $2100.

Therefore, 27% of their net income is given by:

[tex]\frac{27}{100}\times2100=\$567[/tex]

33% of their net income is given by:

[tex]\frac{33}{100}\times2100=\$693[/tex]

Therefore, the range is given by $567 - $693

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