Answer with explanation:
We will use [tex]\frac{28}{36}[/tex] rule here, to prove that, the statement given is Incorrect,which is you can afford to pay a maximum of 1/2 of your monthly income for rent.
[tex]\frac{28}{36}[/tex] rule, states that,you can use , 28% of gross monthly Income for Housing expenses, and 36 % of your gross monthly income is used for Debt purposes.
→→[tex]\frac{1}{2}[/tex] of monthly income =50 % of Monthly Income
we can use ,only 28% of Monthly income for rent Purpose.
False Statement
