Using the 28/36 ratio, determine the maximum allowable recurring debt for someone with an annual income of $86,250.
2 answers:
Answer:
Option A.
Step-by-step explanation:
Annual income = $86,250
Monthly income =
According to the 28/36 rule:
1. A household should spend no more than 28% of its gross monthly income on total housing expenses.
2. No more than 36% on all debt, including housing-related expenses and other recurring debt service.
36% - 28% = 8%
It means maximum allowable recurring debt is 8% of monthly income.
Maximum allowable recurring debt =
= $575
Therefore, the correct option is A.
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The length of the rectangular delivery box must be equal to 4 inches.
Let the length of the box be L.
Let the width of the box be W.
Let the height of the box be H.
<u>Given the following data:</u>
- Volume of box = 224 cubic inches.
Translating the word problem into an algebraic expression;
......equation 1
......equation 2.
Mathematically, the volume of a rectangular solid is given by the formula;
.....equation 3.
Substituting the values into equation, we have;
Rearranging the polynomial, we have;
We would apply the remainder theorem to solve the polynomial.
According to the remainder theorem, if a polynomial P(x) is divided by (x - r) and there is a remainder R; then P(r) = R.
When x = 3
We would try with 4;
Therefore, 4 is one of its roots.
Hence, the length of the rectangular delivery box must be equal to 4 inches.
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