Answer:
$2,362.50
Step-by-step explanation:
How much do Finley and Madison spend on their rent each month?
Since we know they have a total monthly income of $5,250 and we know they spend 45% of their budget for rent, the calculation is quite simple: we multiply the total monthly income by the 45%:
$5,250 * 0.45 = $2,362.50
In total, combined, they pay $2,362.50 for the rent each month.
