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You may borrow up to 2.5 times your annual income. Arianna is buying a home. Her weekly income is $900. What is the maximum amount that she may borrow?

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Answer: $117,000

Step-by-step explanation:

The maximum that Arianna may borrow is 2.5 times her annual income.

First step therefore, would be to calculate her annual income:

= 900 * 52 weeks

= $46,800

She may borrow 2.5 times this:

= 46,800 * 2.5

= $117,000

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