3. Hunter earns $750 net per week. He lives alone in a 1-bedroom apartment. The monthly rent is $785. What percent of his monthly net income is spent on rent? Assume a 4-pay month. 4. a) Yasmine earns $15.75 per hour and works 35 hours per week. She has a young child and feels that she cannot spend more than 30% of her income on rent. What is the maximum monthly rent that she should pay? Assume a 4-pay month.

b) Given your knowledge of the cost of housing in your community, suggest a strategy Yasmine could use to help her afford an apartment.

5. This year, the monthly rent for a condominium is $1060. If the annual percent rent increase for next year is set at 3.1%, what will be the monthly rent for the condominium next year?