Mathematics: Jessica decided to use 15% of her gross income for her down payment for a house. she makes 48,960.00 per year. how much money did jessica s budget allow for the down pyment

Y = Mx+b hope this help Step by step; thanks for the points...

Jessica decided to use 15% of her gross income

felipeneeds684

16.01.2022

$Down\ payment = 7,344$

Step-by-step explanation:

Let x be the amount of 15% of gross income.

Given:

Jessica gross income = 48,960.00

She decided to use 15% amount as down payment.

We need to find the amount of 15% of gross income.

Solution:

Using percentage formula.

$percentage = (\frac{Value}{Total\ value})\times 100$

Now we substitute 15 in the place of percentage and 48,960 in the place of Total value.

$15=(\frac{x}{48960})\times 100$

Now, we apply cross multiplication rule.

$x= \frac{48960\times 15}{100}$

$x=48960\times 0.15$

x =7,344

Therefore: Down payment is 7,344.

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