Mathematics, 03.09.2020 18:01 cxttiemsp021
Financial advisors recommend that a maximum of 22% of your monthly income be spent on vehicle expenses (total of car payment, car insurance, and maintenance/fuel). Nadias monthly income is $3200. She wants to take out a loan to buy a 2018 Kia Soul which would result in monthly vehicle expenses consisting of a $515 car payment, $78 car insurance, and $125 maintenance/fuel expenses. What percentage of Nadias monthly income would be spent on vehicle expenses if she purchases the 2018 Kia Soul? Round the percentage to one decimal place.
Answers: 3
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