$525/mo rent is 35% of monthly income: find yearly income  TOPIC_SOLVED

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$525/mo rent is 35% of monthly income: find yearly income

Postby Treeclimber on Fri Aug 28, 2009 12:20 am

If you pay $525 for rent each month and you pay 35% of your monthly income for rent, what is your yearly income?
x-.35x+525
.65x=525
divide both sides by .65
x= 807.69
i then multiplied by 12 but didn't come close to answer -18,000
I have a basic math book with just basic definitions and problems, and I 've forgotten most of this stuff. If anyone knows of any good websites with detailed formulas and examples on how to solve math problems like this , it would be much appreciated.
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Postby stapel_eliz on Fri Aug 28, 2009 1:40 am

It might help if you clarified your meaning. For what, exactly, does "x" stand? Then for what does "0.35x" stand? How about "0.65x"? :wink:
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Re: $525/mo rent is 35% of monthly income: find yearly income

Postby Treeclimber on Fri Aug 28, 2009 11:58 pm

.35(percent of monthly income ) *525= 183.75
I honestly have no idea, i guess i that i wanted x to stand for monthly income. Does the above expression make more sense? I am very lost.
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Postby stapel_eliz on Sat Aug 29, 2009 12:07 am

Treeclimber wrote:i guess i that i wanted x to stand for monthly income.

If "x" is "monthly income", then what is the meaning of "0.35x"? What should this be set equal to? :wink:
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Re: $525/mo rent is 35% of monthly income: find yearly income  TOPIC_SOLVED

Postby alex21max05 on Sat Sep 05, 2009 5:11 pm

Treeclimber, looks like if your rent is 35% of monthly income, then your formula should be something llike this-> 525 divided by .35 will equal to X (monthly income)
Then to verify you take X (monthly income) and multiply by .35
Hope this helps.
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