Step 1:
Add rent & car payments
=11,250+1422
=$12,672
Step 2:
to determine %, set up a proportion
12,672 is to his total of 39,600 as x is to 100
12,672/39,600 = x/100
cross multiply
(12,672)(100) = (39,600)(x)
1,267,200= 39,600x
divide both sides by 39,600
32%= x
OR
Alternative Step 2:
12,672 ÷ 39,600= 0.32
Alternative Step 3:
0.32 x 100 = 32%
or move decimal to the right 2 places
His rent and car payments are 32% of his earnings.
Hope this helps! :)
Simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods. Where r is in decimal form; r=R/100; r and t are in the same units of time.
A credit report is a detailed listing of your credit history.
Answer: b