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Larry has saved $18,500 toward a down payment on a house. If he makes $3,890 a month , how much can he afford to spend on house?
A. 100,000
B. 93,369
C. 111,860
D. 65,180

Respuesta :

Answer:  Option 'D is correct.

Step-by-step explanation:

Since we have given that

Amount he saved toward a down payment on a house = $18500

Amount he makes per month = $3890

Amount he makes in a year would be

[tex]3890\times 12=\$46680[/tex]

So, Amount he can afford to spend on house is given by

[tex]\$46,680+\$18,500\\\\=\$65,180[/tex]

Hence, Option 'D is correct.

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