Bob Jent is an employee of Microsoft. He budgets 1/8 of his salary on rent. If his yearly salary is $55,400, what is his monthly budget for rent?     I can't remember how to work out a problem like this. Can you give me a detailed explanation on how to get Bob's monthly budget for rent?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.5: Solve Linear Inequalities
Problem 2.118TI: Elliot has a landscape maintenance business. His monthly expenses are $1,100. If he charges $60 per...
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Bob Jent is an employee of Microsoft. He budgets 1/8 of his salary on rent. If his yearly salary is $55,400, what is his monthly budget for rent?

 

 

I can't remember how to work out a problem like this. Can you give me a detailed explanation on how to get Bob's monthly budget for rent?

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