Financial advisors recommend that a maximum of 22% of your monthly income be spent on vehicle expenses (total of car payment, car insurance, and maintenance/fuel). Nadia’s monthly income is $3200. She wants to take out a loan to buy a 2018 Kia Soul which would result in monthly vehicle expenses consisting of a $515 car payment, $78 car insurance, and $125 maintenance/fuel expenses. What percentage of Nadia’s monthly income would be spent on vehicle expenses if she purchases the 2018 Kia Soul? Round the percentage to one decimal place.  % of her monthly income would go to vehicle expenses.

Intermediate Algebra
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ISBN:9780998625720
Author:Lynn Marecek
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Chapter4: Systems Of Linear Equations
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Financial advisors recommend that a maximum of 22% of your monthly income be spent on vehicle expenses (total of car payment, car insurance, and maintenance/fuel). Nadia’s monthly income is $3200. She wants to take out a loan to buy a 2018 Kia Soul which would result in monthly vehicle expenses consisting of a $515 car payment, $78 car insurance, and $125 maintenance/fuel expenses.

What percentage of Nadia’s monthly income would be spent on vehicle expenses if she purchases the 2018 Kia Soul? Round the percentage to one decimal place.

 % of her monthly income would go to vehicle expenses.

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