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Paula budgets 23% of her annual income for housing. If she budgets$410 per month for housing, what is her annual income?a. $9,430b. $21,500.30c. $21,391.30d. $17,826.08

Answer :

First, multiply her total budget per year by multiplying her monthly budget to 12 (12 months in a year).

[tex]\$410\times12=\$4920[/tex]

Next, convert 23% into decimal, and divide it to her annual budget for housing.

[tex]\begin{gathered} 23\%\Rightarrow0.23 \\ \\ \$4920\div0.23=\$21,391.30 \end{gathered}[/tex]

Therefore, her annual income is $21,391.30.

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