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Inessa [10]
3 years ago
9

Conrad Jennings's monthly take home pay is $3500. He has a $600 mortgage payment, $300 car payment, $500 student loan payment, a

nd credit card payments in the amount of $1000. Calculate his debt-to-income ratio.
A. 29%
B. 31%
C. 37%
D. 69%
Mathematics
1 answer:
lord [1]3 years ago
7 0
Hi there:)

Debt to income ratio is
All your debts ÷ monthly income
((600+300+500+1,000)÷3,500)×100
=68.6% round your answer =69%

Hope it helps
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The question is incomplete. Here is the complete question:

A contractor has two choices for billing a completed job.

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· $20 per hour worked

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What is the solution to this system of equations, and what does it mean to the contractor?

A.The solution (0, 20) tells the contractor the minimum amount that can be charged.

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The graph is attached below.

C.The solution (25, 20) tells the contractor the number of hours on a job where the hourly rate is the same for both billing options.

Step-by-step explanation:

As per the graph, the x-axis represents the number of hours worked and the y-axis represents the rate in dollars per hour.

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As we observe from the graph, the point of intersection of the two curves is at (25,20). The point tells the contractor that when the hourly rate is $20, then the number of hours worked will be 25.

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